Yo!
@Cadel
Enjoying your posts and was bouncing with a few good buddies of mine tonight and your posts came up in conversation..
Very enjoyable and funny posts.. Whilst informative and a different way of thinking at times which I seek..
One conversation which tied to a point I have been pondering is how many friends does one need? And also if we can count them on one hand, then which digit does each friend achieve.
So
@Kablooey and I bounced around a few ideas of which digit we would rather be on the friend scale..
It's an interesting discussion to have with your friends.
Which digit are you on the friend scale... And thinking about which digit does what..
I wonder which digit each lithium company might be on the hand scale?
We only have five... Or do we need to use the other hand?
Other than Kabs, I caught up with everyone's favorite lithium journalist Matt Bohlsen.
After our chat I asked him to encapsulate what we discussed to share.
He said this:
“Galaxy and Orocobre are in the sweet spot right now.
Both are building nice cash stockpiles, so both are better placed if and when they move to expanding production.
Best they take their time and expand without taking on too much risk/debt.
Meanwhile KDR, AJM, TAW and PLS are in a different type of sweet spot. Whilst not yet as sweet as GXY and ORE, they at least have solid partners and a de-risked pathway ahead mostly with off-take secured.
Other miners in the past such as BHP and Glencore and others borrowed up big time during the boom years, only to frantically sell at a loss to reduce debt once commodity prices turned south.
The mining bear market lessons of 2012-2015 should not be forgotten.”
The key point I learnt from the discussion was kinda similar to purchasing a new asset..
Unless you are comfortable in progressing to something new, and have a potential downside ahead, debt can be somewhat dangerous and hamper the ability to move forward.
It's important to take a pragmatic and measured approach to project development to mitigate any forward risk...
My perception is that Galaxy has learnt from its past...meanwhile other companies have those learning phases to come which to me might end up being advantageous for Galaxy with around $100 million in the bank including investments.
Galaxy is often referred to as the phoenix rising..
There is a great deal of truth about this..
To me.. It's fortunate that Galaxy has Anthony Tse at the helm along with Martin Rowley that have seen our past and pitfalls, which allows the company to steer toward a great future.
In the recent announcement Galaxy shared that they are planning to construct a pond that is 10 hectares.
I tried to vision the size of this, and talking with
@Kablooey and Matt they pointed out that 1 hectares is the size ofn one ARL field..
I struggled to be able to find a way to be able to visualise this for the VFL / AFL supporters...
Maybe Nick Rowley or someone else can do this..
But to give an idea...
View attachment 927407
If you can visualise that...
Then to picture the size of the pond Galaxy are working on, it is 10 times larger.
Impressive!
I just want to point out, I don't share what I have for likes.. I share it because I have a massive passion for the company and if I found something better I would be there.
The forums for me are about company via way of the people.. And.. The ability to share with... Dare I say it... Like minded individuals..
I appreciate feedback be it good or the bad..
