why do we have a sudden drop?, page-25

I agree with Treefeed.

There are NO chances GXY could survive without a new share issuing (or CR). Real issue is one only .... will they ever succeed in such effort ? would any investor believe - once again - on this management ? I don't think so.

The company - as a whole - will never be cash flow positive, at least under current & foreseable lithium market price environment.

Option holders will no longer excercise (8c are 70% above current levels). Those who did are crying now.

Bondholders won't convert. They'll get their increased 10% interest while later on renogotiating completely on their swap deal (ie at much lower conversion prices ... I would estimate 1c - 2c at most).

As a consequence, within weeks time, you'll be sorry to see a new announcement being released. And it will hurt. They'll announce a strategic review, including CR/liquidation/assets fired sale.

Share price will furtherly collapse, that day.

This company is hopeless. I am afraid. Game over. Share price trend is telling us the true story. Whoever is hopefull does not want to see.