At the time it was partially true. Mt Cattlin was closed because...

At the time it was partially true. Mt Cattlin was closed because the Australian dollar was too high and the price of lithium was not high enough to balance the books. Also the grade of spodumene being produced from Mt Cattlin didn't meet the grade required for Jiangsu and that's some of the reason why it was sourced from Talison via Tianqi.

In the end Jiangsu started to produce really well before hand over. It was just a shame the Australian dollar went to the heights it did and that the spodumene wasn't up to scratch for Jiangsu.

I always hoped Galaxy could have held on to Jiangsu and brought a higher grade of spodumene elsewhere using the Mt Cattlin stock to subsidise some of the cost. (e.g. Buy at $400 and sell at $300) however the sad truth us as the lithium market is seeing now in China is that Ganfeng and Tianqi are keeping all the spodumene for themselves and they probably would have screwed us over harder than the sale of Jiangsu anyhow and essentially left us with nothing.

At this time seeing Spodumene move from Mount Cattlin and putting the balance sheet in the black will be the first priority. Sal De Vida coming online should isolate any issue regarding the Australian dollar other than the return of income to Australia. It all depends on how the company plays the game.