Ha.
Perhaps you should get your calculator out and subtract 200 million bucks from our last reported cash number, then add the loss on A40 back on because that wouldn’t have been spent if we didn’t have the POSCO cash.
THEN perhaps try to answer the question without twisting personal insults into it.
Where would we be now or in 6 months time without that cash..?
“In the driver’s seat” hey?
Your calculator is broken.
We’d be relatively penniless and desperate for some kind of financing deal, and be getting shafted by the same mob that are cleaning up the rest of the Li players. That would NOT be a pretty place to be in this current environment, and imo I’ll take our current position over that any day.
Do you need to see the GXY PLS ORE chart again to clarify that what we have or haven’t done, specifically, has essentially meant jack sh!t to our sp performance for quite some time...?
I think many of us, myself included, are often mistaken that our short-term progress and milestones will trump the market-makers’ plans. Not in this sector and not in this environment, it seems.
The tide needs to turn, we don’t operate in our own separate ocean.
Longer term, the fundamentals and substantial business growth will drive price, sure, but hiccups in progress over a couple-year period without company-making/killing events apparently doesn’t separate us far from others - at least not anywhere near as much has many (including myself) expected.
Where, on the chart, did we realise about 70c per share in cold hard cash PLUS significant de-risking via a vital safety buffer and capability to commence staged SDV construction in the initial absence of a funding partner/deal..?
It was a mere temporary blip instead of the step-change shift that it should have been. The MM made sure of that.
Unfortunately, for a while now, the company has had no “control” of the sp, imo and based on historical data and events of the past couple of years.
What exactly do you think would have been the alternative if we didn’t sell the tenements to POSCO? ..And please keep your riddles and insults and address the question if you’re going to bother responding in a serious way.
How the heck would we be “in the driver’s seat” with little/no cash and desperate for finance to survive..? Seriously?
Imo
DYOR
GXY Price at posting:
$1.02 Sentiment: Buy Disclosure: Held
