Strategy is... to use the cash to extend the inevitable for as long as possible. If they don't find any lithium resources no issue they will deplete the cash by paying themselves $4.2 million annually in salaries. Make sure never to pay a dividend.
This management team is a joke. I don't want to read a lengthy performance and activity report on spodumene and one paragraph on SDV. I don't understand why they are burning cash on acquisitions when in fact they need to build SDV. They should have a laser focus on SDV.
GXY Price at posting:
$1.56 Sentiment: Hold Disclosure: Held
