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20:36
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Originally posted by ChasingProfits
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Because these are real companies (large successful companies who are actually in production who operate great brine and hard rock deposits and they still can’t make money in this current lithium environment). These companies have real costs (not some redundant figures in a DFS that is irrelevant now due to time and change in market conditions - it is a lot more expensive to operate today - opex wise and lithium price is significantly down. Galan’s track record of mismanaging funds and having to use an ATM facility to survive would indicate that opex is going to be a lot higher than people realise here. Anyone who thinks the opex is going to be the same as the DFS is a misinformed investor and has rose tinted glasses on. As I am not a holder, I can see future capital raises in stall if lithium prices remain the same as they are now and this goes into production so investors be warned.
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“…having to use an ATM facility to survive would indicate that opex is going to be a lot higher than people realise here.”
