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What's the problem?, page-15

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Thesi

8,739 Posts.

2622

21/01/15

12:16

Post #: 14615879
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Originally posted by CroMagnon ↑

Too many questions:

Question1: How can a factory designed for 17,000tpa produce only 1941t in six month - do we have a feedstock or a design problem. March 2014 tolling agreement for 8,000tpa - probably has to read 'up to 8,000tpa'.
(as per cordingup, post 14595199) Jiangsu has processed some 1,941t LiCO3 during the half-year
Question2: Are there any clauses in the SPA that stipulate a 'break fee' of ?how many? (US)-dollars if Tianqi breaks? What if GXY breaks is forced to accept a break of the SPA due to plant inefficiencies?
Note: The tolling agreement may well have been a test of the factory's capability (due diligence++).
Question3: Will we be seeing a significant asset write-down (Jiangsu) as has happened with Lynas?
Question4: What is the situation re the bond holders (60mil convertible Nov 2015)?
Where is the money coming from if no conversion.
Question5: What if the buyers of the 190mil shares (Acorn's increase plus 3 or 4 more ?) from November 2014 (Vanguard and M&G sale) band together with ....... (imagine that for a cheap takeover plot) .....
.......
and so on and on and on

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It's interesting what you say at question 5 and has been on my mind for some time.

As of November 2014 all holdings of HSBC total 111,438,108 which is 10.5% of the company and 19.8% of the top 20 share holders.

Last edited by Thesi: 21/01/15

GXY Price at posting: 2.5¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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