All based on management estimates/finger in the air type stuff vs dfs estimate. Hardly worth comparing the two. You may as well believe further non-dilutive financing is forthcoming. The last thing this project needed was to hang its hat on an unproven processing approach. If traditional financing routes weren't available before they certainly won't be going forward without studies being done or demonstrated commercial success.
Sad outcome and will leave the company without a fully funded solution yet again, only now taking on considerably more risk and being beholden to the processing partner.
Not to say share price will never recover if lithium sentiment turns, but it will remain tarnished by the "novel" approach which most lithium investors avoid until success is demonstrated. Better risk / reward elsewhere without the unnecessary complexities.
Aimo
GLN Price at posting:
12.0¢ Sentiment: None Disclosure: Not Held
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