The LoveGod loves this...
For the last 2 years we have all been complaining about the delays, but just maybe delays have been the best thing long-term, for the lithium is better sitting in the ground than being sold into today's market.
Interest rates are much lower than 2 years ago, if we got the debt funding 2 years ago we would be paying much higher interest than getting the debt in the future. Altura just succumbed to this problem.
The biggest problem was Hugh and the ridiculous Corporate costs each quarter, so thankfully Covid -19 put an end to the ridiculous travelling and accommodation costs and now we are a lean mean fighting machine with Sam the Man at the steering wheel who definately won't think of the balance sheet and investors hard earned cash as his own private slush fund.
Very exciting once the pilot plant delivers the petalite to Sibelco & then the market will get to see the wheels in motion, some petalite revenue with the premium price being reflected into the financials will give the market much optimism and confidence.
Bikita Minerals Zimbabwe was a successful Petalite mine for 40 years, all we have to do is replicate their success and we all are on a winner here.
Sam the Man has built bigger and more complex structures than this, so it should be a walk in the park for a man of his expertise.
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