gxy speculation, page-11

Not especially since a bank lending $105 million is a lot of money to a company that at present has no way of paying it back, or major security to use as leverage. Sure GXY should make money shortly but that doesn't make the risk any less for the bank, banks don't want to deal with any higher risk than necessary.

Additionally there are relatively new laws regarding this that have been implemented in China to the best of my knowledge, though I will admit I'm not the most knowledgeable person regarding this. It's been done to prevent risky lending that helped land places like the U.S in the GFC in the first place. Basically it's just a form of security and while a bit of a pain if thats the law then it has to be done.

I think everyone knows by now butcherboy you've invested in ORE and appear to want to see GXY fail. I'm not sure what the big deal is I'm sure both companies can achieve a strong position in the world of lithium as they both have excellent prospects.