Yes! The deals got to be done right and better to get it done right the first time. Completely agree.
I think more people have to contemplate a more optimistic evaluation of the position GXY is in while holding in mind four factors:
1. Massive shorting and manipulation of GXY share price and then the lithium market as a whole.
2. The fact we have zero debt and (I think) tax credits, an operating mine and relative to other lithium upstarts a bank account full of (or shortly to be full of) millions of dollars.
3. A management team full of people who have experience
4. TIME owing to point 2.
Now take a step back and look at the bigger picture of weak carbonate prices and a lot of new players who don't have 2, 3 and 4. Importantly some don't necessarily have TIME to get the best off-take, partnership agreements while pricing is as it is. We do. Now imagine you're sitting down to do a deal with GXY and suddenly, lithium market looks to be tanking. You might try and get a deal with GXY that is grossly in your favor or you'll "go somewhere else". Now if I was in managements position and I thought others were trying to game us like this then I would say "sure go somewhere else". And they might, they might sign some 'understanding' with another "prospective" producer who is under a lot more pressure than we are to get an announcement out. They might walk away for the time being but remember the TIME factor that we have because of those other two points. Lithium disruption has only just started to happen. It would be foolish to let GXY not get the best deal because of fear about current market. This is a long game for now (especially for lithium miners who are up against a whole slew of new entries) and GXY in my estimation is playing the long game. It would be very foolish to give up the high ground (no debt, money and time) to scramble down in the dirt with those who don't have these things in their favor. TIME people TIME! It's like sex, always best the longer it goes and this is best done by going slow, especially at first ; )
I could b completely wrong, but this is how I read the current situation: A fantastic management team with no debt, money and time that want to get it right the first time, both in terms of the operation, product and a steady eye on the constantly shifting landscape that is the EV, battery revolution.
My mistake was to not leave enough powder in the keg to take advantage of the current market situation. From what I understand GXY is not making this same mistake.
An announcement would be great as I too would like to know what is going on, but not if that would adversely effect the strategy of GXY why. The right action at the right time is what counts. Not a whole lot of actions that serve any purpose other than the main goal. A little anecdote to this point: A person who taught me to play chess said, the purpose of chess is to checkmate the king...not to take a whole lot of pieces. In this regard, sacrifice even of your queen can sometimes be a better move than taking the easy piece. GLTAH especially those who have been here for years...the true believers even if we are a bunch of crack pots ; )
Yes! The deals got to be done right and better to get it done...
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