Originally posted by James56
Just before we go off on tangents about "new tech", and what LPD's LIOH Max may have in GXY's future, it may be relevant to consider what we HAVE been told.
With regard to the new tech at SDV:
GALAXY RESOURCES LIMITED - 31 DECEMBER 2018 QUARTERLY ACTIVITIES REPORT
“As part of the Company’s continuous product validation and process optimization strategy the project team is currently undertaking two concurrent test work programs. Work is currently underway to prove up and fine tune each unit process in the existing process flowsheet (incorporating solar evaporation ponds) to produce a battery-grade lithium carbonate.
A strategic decision was also made in late 2018 to further assess alternative processing technologies through a parallel test work program utilizing several non-conventional technologies
that are in already in commercial use, albeit in non-lithium industries. To assist this process, an independent process advisory committee has been established to oversee and guide this work program.
The committee comprises three technical industry experts, with former experience at FMC, Rockwood and Tianqi, as well as two senior Galaxy representatives.”
Edited Transcript of GXY.AX earnings conference call or presentation 24-Jan-19 12:01am GMT
“As part of the company's continuous product validation and process optimization, the project team is currently undertaking 2 concurrent test work programs. Firstly, to prove up and fine-tune each unit process in the existing process flow sheet, the one including the solar evaporation ponds to produce battery-grade lithium carbonate. And in late 2018, a strategic decision was made to further assess alternative processing technologies through a parallel test program, utilizing several nonconventional technologies that are in commercial use, albeit in nonlithium industries.”
“In terms of the other point that I'd like to make is what Alan was referring to earlier in terms of through some of those discussions that we've had with our potential partners, obviously, there was a level of interest to actually evaluate to what extent we can actually potentially eke out more efficiencies, both financially and operationally on the process. And so that's why we're now also spending a bit more time looking at potentially adding some of the more unconventional kind of stages and processing steps into our overall flow sheet. That obviously will be a good use of time from the team during this period when we're obviously still looking to close the strategic process.”
LPD's LIOH Max may well fit within all three of GXY's projects eventually, and I think that was the whole point of GXY's strategic investment back in 2017.
I see Joe Lowry's tweet about NMX's issues merely as a comment on execution risk.
The difference is NMX is dependant on their new process being implemented to complete what they've started and committed to. LPD is going to be a beautiful alternative upgrade to our existing and planned operations. GXY is not captive to LPD's success.
"obviously, there was a level of interest toactually evaluate to what extent we can actually potentially eke out moreefficiencies, both financially and operationally on the process. And so that'swhy we're now also spending a bit more time looking at potentially adding someof the more unconventional kind of stages and processing steps into our overallflow sheet. That obviously will be a good use of time from the team during thisperiod when we're obviously still looking to close the strategic process.”
James56
I have read previously and understand what you post but I at times have trouble trying to interpret the CEO's english!
This sounds like the dog chasing its tale stuff to me.
It now looks like a change midstream by GXY with what they put to the table, for the strategic partner process .
It appears that offtake agreements are not to the forefront with GXY having experimentation taking place which the CEO describes as
"a good use of time from the team during this period when we're obviously still looking to close the strategic process ?"
Thats back to front within the process of finding a strategic partner imo.
GXY may end up just testing the waters for a Partner until a further time?
The Market never pays out on uncertainty!
On re reading my post, Je#us I'm starting to sound like AT. lol
Md
