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14/02/20
17:26
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Originally posted by Rob826:
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Exactly. I've been a bit bemused at seeing many linking GXY's performance to that of Tesla, Livent, Gangfeng, Tianqi, etc. I think people need to actually focus on GXY, and not just hope that we'll be lucky enough to get carried away in the next wave of lithium hype. It may happen, it may not. GXY has made one shipment in 5 months. GXY has to expend it's entire cash on hand just to complete an 8-10ktpa technical grade lithium carbonate operation. It will also need debt to do this, or a JV partner as it can no longer fully fund it. So that means dilution of ownership in our prize asset or interest payments on debt. You are entirely correct that we are no Gangfeng or Tianqi.
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Thing to remember, @Rob826 , when the tide of sentiment towards lithium changes for the better, even the poor old spod miners on C&M will experience a lift. And GXY is much more than that.