We may slide a little lower but its only a matter of time before things change.
The US markets and a little uncertainty here and there are not helping overall market sentiment.
One thing that helps the SP is overall sentiment.
The future of the Lithium industry is looking bright with an ever increasing amount of investment now and in the future. It is becoming common place and making news on a regular basis.
The fears of oversupply have been put behind us as news of big auto and new storage solutions come on line.
The penny is dropping and GXY is well placed to service this demand. There are many other great Li prospects where there is money to be made.
I guess before investing you must ask what are the important things you are looking for?
Assets, tenements, proven management team, future planning for growth, cash backed, existing contracts.
Think worst case scenario- Which companies are going to survive if there is any major downturn?
Hint - $$$$, Asset Base, Low Cost Operations, management ?
If you think i'm going on a bit re read this little clip.
"Sal de Vida has the potential to generate total annual revenues in the region of US$354 million and operating cash flow before interest and tax of US$273 million per annum at full production rates."
I believe this was for a capacity of 25,000 tonnes, what if they could produce more? There has been mention of the possibility.
What do you reckon they can pull out of James Bay per year?
What is Mt Cattlin worth if they are producing 220,000 tonnes or more for years and years to come?
Cattlin is a making good money right now but will only make more in the future as the YOP brings higher recoveries.
SDV off take or JV is around the corner- who knows what AT will pull out of the bag-
Why the rush? the best deals are not done by by the drop of a hat but involve some negotiation and for the kind of money involved I don't mind if takes another few months. This is the flagship asset and management are working hard to get the best deal for ALL of us.
Oh yeah did I mention that big bag of cash they have? mmm who wants to go shopping!
Take none of this advise but its easy to see that the next 6 months should be exciting!
GLTAH- Sit back and enjoy the festive period-
If your good and hang on to your shares maybe AT will give you an xmas surprise!
GXY Price at posting:
$2.46 Sentiment: Buy Disclosure: Held
