what is happening at mt caitlin?, page-2

Hi AlbertE,
GXY hit $1.81 at about 10 am on the 17th Jan which was before shareholders realised that their shares were being diluted to the extent to which they were.

I agree with you, GXY should have stuck to its knitting
and produced Li and left the battery factory plans on the drawing board until Li revenue was in the bank and a proper
cost of production was established.

It is now a long way and a long time to hit that $1.81 again and the longer it takes the higher the risk.

Now that Talison has signalled a doubling of production next door which will at least short term impact on the price of Li, we need stand alone sales & cost figures ex mine to fundamentally come up with a realistic valuation based on EPS.
Moorookamick