As someone else alluded to on here, there are times where it...

As someone else alluded to on here, there are times where it makes sense to spend money to make money, and times where it doesn't.

In GXY's case the company may have frustrated a few of us with some approaches to various aspects of the business, but the relative conservatism seems to have been pretty prudent. Smallish operators with debts are in a dire position now as they can't service them. GXY doesn't have that problem.

There's a tide rising but it's not a good one - it's drowning the operators who weren't well placed to survive a lean period. Just as good numbers drew a lot of players into the game, this period is driving many out. The end result will be fewer producers in the field when demand kicks in again, and they'll cash in on that.

The pinch is a way off, but it will happen. The big auto makers are coming in in droves and the economies of scale will drive down unit prices. More people will be buying EVs but the lithium demand per vehicle will be stable, which means growing demand.

As always, DYOR.