interesting post on lithium, page-10

Sure GXY will be taken over by the Chinese but the tragedy of it all is that it will be taken over for a song
at the expense of Aussie retail investors who bought-in over $1.37.

The popularity of your GXY post indicates to me that
Aussie investors want to flog our natural resources
for two bob rather than add value here. For example recent shipments of spodumene from GXY's Mt Catlin were transferred to China at about $238 AUD /ton; just about cost price which has deemed Mt Catlin non-profitable
in its own right.

There has been no results from the secondary section of
the carbonate plant yet even though GXY bought in Li carbonate feed last September and the market has a right to be sceptical with the lack of announcements on this test run.

GXY's fate now hangs on the quality of li-carbonate that it can produce given that its cost of production is about
$4500/ton, twice that of South American brine based product, and at a time when its premium markets of Europe and the USA are contracting.

Cheers
Moorookamick