Yes I will indeed say “no red flags”
Nothing indicates to me that there are any significant issues in our quest to become a commercial Li2CO3 producer. Nothing.
You mentioned recently, iirc, that your yardstick was whatever the company says…. Imo you need to do more research and build some reasonable variability into your expectations.
I might have missed your expected timing to production that I asked you recently - assuming it was say 6-10 years, then how much has the company really disappointed you?
What was your actual time window btw?
What would be the trigger for you to sell out?
You seem unhappy, perhaps LKE’s claims - just last year btw - of “2024 production 50,000tpa rate” would have been a more desirable choice for you…? What did/do you think of that “yardstick” from their incompetent muppet management?
Imo impatient retail are separated from their capital by the big dogs who know the psychology all too well.
ps. If my 6-10 years becomes 9/10/11 (to a +10ktpa operation) then so be it, I can happily accept a 10% “error” on my way to a few more mil.
It’s all about perspective imo.
I think it’s unreasonable that some people are (or seem to be) shocked/annoyed/upset when key aspects of our development take longer than anticipated. If it was a “simpler” project in a “simpler” country I would understand… but again, how many new brine producers in the past 20 years? This is not an industry for the inpatient and/or inexperienced imo. The more research and more precedents you can find to build perspective, the better, imo.
Good luck!
AGY Price at posting:
45.0¢ Sentiment: Buy Disclosure: Held
