"I'm against any performance benefits to Any and all Involved on the board."
Yep! Who's going to the AGM in Perth on 15 Feb to tell them? Also, tell them...
1) No more cap raising (dilution)! Unnecessary! The plant was making $2m/mth and doubling production every month when it stopped. At full capacity, the plant is designed to produce 17,000t of battery-grade lithium carbonate per year. Spot prices in China are currently over US$7,000/tonne for battery grade and US$6,250/tonne for technical grade product. This equates to roughly $115m pa. So lets focus on becoming savers and talk to the bank about our expansion plans.
2) GXY's market cap is now only $200m. If ECE thinks it can now put in $66m and take one third of GXY, tell them: "No Thanks!" If Chengdu Tianqi or Wrockwood make a takeover offer tell them any amount under $600m is laughable.
3) It makes absolutely no difference if Sal de Vida starts production in 4 years or 5 years. So put the Sal de Vida pilot plant on ice for 12mths and focus activity and the money on the Jiangsu plant. Just keep the drill running at Sal de Vida and keep us informed on the resource estimates.
4) Put a call out for partners in the US, Europe, Korea and Japan. If we cant get enough for our lithium product from China then we will sell it elsewhere.
... anyone got anything else to add?
GXY Price at posting:
12.5¢ Sentiment: Hold Disclosure: Held
