rise of the drones, page-12

It has been rather stupid to have Mt Catlin on mothballs for over a year burning cash with a cost of production higher than Talison's FOB price next door. This is why we couldn't flog spudamene on the open market yet we could afford to transfer it to China for $100/ton under Talison's FOB price.

This poor timing has cost GXY shareholders heaps and perhaps its time
to replace the CEO with a proven producer.

LYC, who are also morphing from developer to producer, changed their CEO
this week. I doubt that the predominantly Chinese Board, however, have the wherewithal to make such a quantum change but hope is eternal.

Cheers
Moorookamick