LU7 8 trades today's and umpteen articles on the PFS Carbonate Plant.
Iggy got the job done then the sack from Galaxy.
I see he had a poke at NAL Carbonate refinery bad move from a marketing point of view for 2 reasons.
From reading old articles on the NAL, my first big read on the history of the carbonate refinery, there were no operational issues as said by Iggy Tan in his announcement, no explosions or deaths as with his Carbonate plant in China meaning he is telling a lie meaning unethical salesmanship.
Money and a lack of customers was the issue.
The buyers of Carbonate were Chinese and held off buying even with offtake agreements which led to financial difficulties.
CATL were there I guess they thought they could do it cheaper in China as there were no buyers in the U S. At that time for Carbonate.
2 Investissement Quebec lost money on NAL so mentioning NAL and failure was a bad and unnecessary move in an ASX announcement when they are about to go cap in hand for money in Canada, which might include Gov.
It does highlight why SYA haven't announced to the market the PFS for the refurbishment as there is no point until they have a solid backer as it means diddly dit until you have the coin IMO.
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