We've gone through that all before. GXY has to cough up 70% of the costs. As you said, hundreds of millions. The cash raising that we're confronted with right now has absolutely nothing to do with building SdV. Even the DECISION to build or not to build SdV will be made only after Jiangsu reaches the cash flow break even point. Please note: Jiangsu cash flow positive doesn't mean GXY as a whole was making money!
In my opinion the best way to cope with the current nasty environment is to put an end to the megalomania. Forget the battery factory nonsense, put SdV on hold, radically cut the fat, get Jiangsu up to 100% nameplate capacity and make money. And keep it like that for as long as needed.
GXY Price at posting:
7.8¢ Sentiment: None Disclosure: Held
