GT1 - Megathread, page-699

agreed. The company seems to have best mgt team and 3-4 rigs working at the same time. unfortunately, the 'underground' does not cooperate.

It's a bit struggling at this stage. Cash balance would last max 3 quarters to the end of the year. Remember-we still have not paid for the acquisition of Junior Lake. I smell another CR is coming soon.

The current market does not have too much interest for small resource. Who gonna pay for the cost of mine and LIOH plant?

So I am also bullish on the company but SP is another story. Huge dilution of CR or selling part interest of Mine to the offtake partner? The question is big downstream player will not be interested in such tiny resource while small player won't have enough money to build it. Debt facilities will not be possible in my opinion.

However, let us hope the bull market starts in the second of half year and all stock prices inflate so my loss from the $1.05 CR can be recovered.