If only pond 1 is built and filled, nothing meaningful can be produced. The only purpose could be a protetive way of liners according to my back yard pond knowledge.
As said, it is challenging for gln to generate enough cash to replay debt ( say 9% interest，10year) of AUD136M at USD13500/t LCE Li carbonate,which could even go lower. It matters Gln survival if GLN fails to repay the debt. Fingers crossed GLN can nogitiate a better loan term with Glencore.
Without debt and stopping the construction after finishing earth work of Pond 2 , GLN should at least have AUD15M left. So it can hold high grade and low impurities HMW and wait for next li booming. Delaying the project may lose some early cash in opportunities, but survival is the most important.
General Discussion Banter GLN, page-14499
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