I agree with the naysayers; Iggy needs to concentrate on making...

I agree with the naysayers; Iggy needs to concentrate on making Mt Cattlin profitable first and foremost, not on trying to build a second mine for a battery factory which doesn't exist and which won't have customers lined up to offtake his batteries, and which will have to compete with existing battery manufacturers which exist in the lithium market.

In fact, it is freaking bonkers. Look at it like this; by vertically integrating, GXY has only one option to make money from its mines, and that is by finding someone to buy its batteries.

Given GXY has no offtake over batteries, nor any way to make them, it is pretty peculiar logic to be picking up a second lithium deposit for cash when the company has no cash flow to speak of.

Then to be corralling all the mine's product into your own factories...relies on those factories finding customers.

Pies in the sky.

I just hope that the share price goes up so I can get out before the cieling falls in on this house of cards.