"I think Welsho and a few others need to do a bit more homework on Galaxy rather than making quick assumptions - Been making them since February. Sounded crazy then too.
and start seeing that Galaxy already has more than several irons in the fire. - Yes I see that.
and has already a nice little "black book" of lithium buying contacts from its Jiangsu days. - Jiangsu is yesterday's news, didn't go so well.
Finding direct buyers for hydroxide or carbonate production would be zero problem.- Agree
"middle men" are not the problem. Galaxy knows them all.- Happy to pay them all? Sounds inefficient. Why the need for Mitsubishi Metals trading? Plausible to think they wouldn't control the upstream steps, to secure their own supply of the ultimate end product, the EV battery?
You respectfully scratch my back, I'll scratch yours. That's how the Japanese do business. The converters or the "customers" are just a small cog. They'll pay their dues to the trader that provides their supply. Mitsubishi clearly have their own motives.
Until LPD's PFS and plant builds are executed elsewhere then Galaxy can and must focus on the fastest and most profitable way to upgrade their production. - That's great. We're talking about the Mica reserve. Show me a faster and more profitable way to upgrade that currently worthless pile. If LPD works out - fine. If not, fine. I did say it was insurance in the same way as when a dealer pulls an Ace at the casino. A very expensive Ace to acquire, at least we've moved on from "trophy wife" Taking out some insurance can be handy but I think its wrong to assume that GXY would be putting any of its own plans on hold when they represent the fastest path to the highest profits. - Not assuming that.
Sorry, I don't see the "strategic alliance" being ready to go for a couple of years. - No shit mate, but we better start planning for it now. This is just my personal view. I'm not looking to be the bad guy, or down-ramp - You sure about that? doing a good job of it so far. but things take time - Yep they do. and I'm personally just not into alternative technology plays - That's absurd, considering the industry you promote, so I don't really care enough to debate or make a song and dance. Carry on LPD. Do whatever you're doing and I hope it works out.
Even a quick glance tells me the LIT/LPD licensing deals for WA make offering a Mt Cattlin processing solution problematic to achieve in the next few years. - Perhaps take more than a quick glance and you'll realise how stupid that comment is. Perhaps there are ways around that with more court battles. - Scare mongering? I don't know or really think this is the immediate focus of the company. - I'm sure it's not, however it's of strategic importance to GXY, that's obvious. Nah wait.. insurance, yep that's it. You underestimate your own MD, nice work. My guess is the LPD deal is focused on building a processor in Quebec for James Bay with a timeframe of 2020 for production, if it all works out. - Aiming for '19 but close enough, not just for James Bay. The ore can be received from anywhere. Just my current guess, going on Quebec enviro schedule and public commentary documents, mention of Sudbury - which would be "strategic" to supplying US auto in nearby Michigan. - Sounds like a good plan.
Your arrogance nauseates me. So narrow minded up there on your "We're producing" pedestal. How short memories are.
Others are coming dude whether you like it or not, truth is Mt Cattlin isn't a world beater. But it has first mover advantage. The decisions AT makes right now are crucial to maintain that standing. Admittedly he's doing a stand up job, so far. I'm genuinely big fan.
AT fluttering a few $m away on some "insurance", is a ridiculous notion.
The synergy proposed seems to have very mutually agreeable benefits. This is not a GXY vs LPD type thing. Or requiring you and i to throw stones at each other. It can be very much a win-win.
LPD Price at posting:
6.7¢ Sentiment: Buy Disclosure: Held
(20min delay)