Nothing to do with my investment strategy.… just stating the facts as I see them.
Made it clear to me they were using the sequential strategy of selling stockpile to put towards the feeder and use this cash to assist in funding.
So common sense tells me if they can’t secure a stockpile deal and demonstrate cash flow, then they have zero chance of funding this in part or full.
Of course they prefer the first model of a full finance package, but we are now pushing four years and tbh that is wishful thinking. So that won’t be happening imo.
Company is simply buying time and practically using quarterly reports to do so with finance just around the corner.
My tip… no finance this year and at best a stockpile contract signed.
By products a bonus, but that really depends on the ability to fund this and produce the lithium hydroxide anyway.
Happy to be proven wrong.
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