But what is Mt C making now?
GXY alone would be going from lithium producer back to lithium developer. That is not an attractive proposition for company valuation. Good luck with a significant capital raise at the lows and no meaningful experience in brine operations. Even if James Bay permitting was 6-months ahead of where it ended up there would still be a transition period.
The merger was the right move. Pretty much the worse case here is some projects get delayed or sold. The company is still in a strong financial position with conservative management that is unlikely to put the company at risk of going broke. That’s the most important point.
But what is Mt C making now? GXY alone would be going from...
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$4.97 |
Change
-0.060(1.19%) |
Mkt cap ! $1.881B | |||
| Open | High | Low | Value | Volume |
| $4.99 | $5.00 | $4.86 | $98.31M | 19.81M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 827576 | $4.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.99 | 18020 | 2 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
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