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Ann: Trading Halt, page-97

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Names little

18,135 Posts.

1313

30/11/19

18:55

Post #: 41728759
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Originally posted by ProCapitalism ↑

Let the Chinese buy the company & many others & be done with it. GXY get's her money back, great!

We need the Lithium market to move forward & whether you like it or not we need China to ramp up the production of refining spod so the Lithium price can move higher so hence, the GXY SP can move higher, GXY profits can head higher & our bank balances can head higher.

The Chinese are looking to secure a supply (you can't blame them for that), they're looking for ways to increase their GDP, create jobs & clean up the air quality in all their cities at the same time. Batteries are the way to do that.

Let the big boys shuffle their way into the market, takeout the weak players, and therefore afterwards the production/demand will ramp up again.

FIRB will slow this whole process down, too much red tape, let the Chinese have it!

The real question now is, what does GXY do with the extra cash?

After years on HC some are still talking about an SP buy back, which I've been against from day one.

Should the $45 mil go into MT C or SDV?

Invest it into a different ASX Lithium company?

Dividend? (Which I'm against)

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Hi Pro, perhaps they will just use the "extra cash" to repay the loan they took out to buy the A40 debt in the first place

GXY Price at posting: 92.5¢ Sentiment: None Disclosure: Not Held
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