Open Letter to Simon Hay, page-163

My sentiment was buy until the latest shenanigan with management saying (who the heck told them to repeatedly state this if they couldn't guarantee delivery?!) they would ship 45t in 2Q and then miss the mark.

Management are not being honest with holders and IMO this raised the downside risk too far to stay holding. What if they spring some more negative news about Sal de Vida (notice its not progressing anymore?), what happens when we get the ANN that AT is leaving (hint: market will not take it well).

Yes, things could improve, well aware. Yes, GXY may be undervalued. But past track record and AT's free options + China NEV slowdown suggests to me the pain will persist for awhile.