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From memory I don't think the converter was the problem. I...

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ProCapitalism

4,753 Posts.

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04/01/20

08:32

Post #: 42221383
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Originally posted by Swift4 ↑

I see what you are saying, but I think we are better of getting the paperwork sorted first. It seems a handfull of people are controlling the lithium price through the policies they make.
SDV with the new extraction techniques and low purities will put it in a position where it will survive in even the lowest cost environment but I don't think we should just give it away.
So you are probably right, but I have seen too many deals fail and not come to fruition that over the years I have grown a bit cautious.
I will have to go back and see what went wrong with our Chinese converter, but probably short term leaky agreements.

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From memory I don't think the converter was the problem.

I believe GXY had a vision that was before it's time.

We jumped in too early, racked up too much debt & then the Lithium price collapsed & we were crippled by our own debt.

Does that sound familiar? Yeah the mining industry is cyclical.

GXY Price at posting: $1.02 Sentiment: Buy Disclosure: Held
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