General Discussion Banter GLN, page-13634

userxyz,

You need take a deep breath and settle down, as you are coming across as being very rattled.

1. “Binding offtake secured from Glencore”. This a factual statement.

2. “Glencore offers to provide or facilitate a Financing Prepayment Facility for US$70 to US$100 million, subject to conditions precedent”. DD required to satisfy the conditions precedent. However key word for me is “offers”. Glencore is making the offer, not GLN going cap in hand looking for a bid.

China accounts for half the lithium consumption and they got ahead of themselves in the stampede to secure supply. I would not be surprised to see a few Chinese battery makers simply drown in debt. But eventually china will need to restock.

shorts on GLN sit at around 1.07%, shorts on AKE around 1%. Nothing tells me that the so called “smart money” sees more significant down side when they are short 1%.

All lithium plays are being hit, here and globally, Goldman Sachs the major architect on the assault. This years dog, will be next year’s star.

Meanwhile GLN has a gap around 60.5, which could well be the next stop.