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Ann: Quarterly Reports - December 2017, page-31

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16/01/18

10:41

Post #: 30333689
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Originally posted by savvyinvestor ↑

this is a solid report and i was satisfied by it.

then i got the announcement from ORE... they are not only proceeding with phase 2 expansion but it has increased almost 40% to 25,000T/yr on top of existing 17,500T/yr plant.

hopefully this might put a rocket up GXY managements arses. GXY and ORE are two of my largest portfolio holdings and they both have a lot of upside, but this GXY report doesn't really have anything new or exciting and the increased costs etc despite increased output are a slight disappointment as noted by others.

anyway, my point is that GXY need to make some major announcements about accelerating SDV and/ or JB. I know due process takes time with permits/ pilot studies/ DFS/ financing etc but we are at a critical time in lithium and those that move fast will reap the rewards at the top of the cycle, while those who drag their feet will miss the best profits.

I trust AT and the team but would like to see more rapid progress where possible, similar to the massive ORE ann today.

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Just because nothing was in the quarterly on SDV fast track / funding / etc does not mean it isn't underway. Look at our latest hire... she hasn't been hired for her skills as a plumber...

GXY Price at posting: $4.33 Sentiment: Buy Disclosure: Held
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