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02/09/14
15:38
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Originally posted by salty74
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I wouldn't panic yet. I think it's a question of selling all the assets - one at a time if needs be. Jaingsu - sold (we hope) - Mt Cattlin and James Bay should get a small amount in the kitty - and the big one SdV- minimum $75M - hopefully a lot more. Once the sale has gone through on Jiangsu the quarterly costs should reduce greatly - C&M on 3 sites and a small board's wages. Also, the money will be earning interest to help offset these costs - but it's all about the brine salar now imo. Sell it for a great price or get a JV on great terms and it's a game changer for the sp. If noone's interested in SdV we're stuffed!
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So now we are hoping they sell Mt Caitlin and James Bay?
These should have been included with Jiangsu which shouldn't have been sold anyhow.
When are does this money pit plan to actually make any of its own and start giving back to its share holders?
The vultures are circling and will just wait to pick off bits and pieces one by one.