What the Milky Way appears to be thinking or not thinking, just possibilities imo
- there is no urgency to do anything, money in the bank overnight, sit back, relax, we've been waiting for this in the past 6 months, money is 4 years worth of mt cattlin EBITDA, surely we deserve at least 3 years holiday
- SDV south, already on incubation 2+ years, what is another 2 years, it will pass quickly, just hire E&Y after PWC and KPMG, while we will wait for VW, BMW to build their models
- let's wait for the best deal, it's a once in a life time opportunity, it's better to do nothing than to make mistakes
- majority of retailers are happy to receive zilch of dividend, let's do a TD, no pressure from us to give anything, perfect and stressless life, can't ask for more from these punters, best life is having stupid holders who refuse dividends
- we don't have any tech or expertise to process brine for now, so let's just dig additional ponds and try not to announce any, so that HC members will have something to research on google maps it keeps them busy and forget we're going nowhere, once we find the tech, we drip feed asx with some
- wish the shorters good luck again to be on the wrong side of the trade, once in a while they will be, labor might still lose in the election, liberal stuck with coal so no incentive to expedite, let's wait for labor
- we don't really know what to do until poscolx is up and running and/or LPD lmax/Loh-max is up and running (these take time we will wait), we'll then take it easy, until posco is converting our spodumene and LPD harvesting our mica tailings - yes by doing nothing, other companies will take care of our downstream hydroxide play, our best plays ever, watch it grow, just improve and maintain MC to keep the production business as usual reserve already up quite a bit so shareholders understand we have been busy increasing reserve
- after 2 years, there will be lithium shortage, VW or BMW will be desperate to increase their SDV offer price 3 fold, we sign it and investors will be happy, then start SDV, show more pictures this time, production within 5-6 years or 2025, lithium demand skyrockets, we will make a motza again by sitting on our assets - better than Ajm, or A40 and nemaska who are working their butts out just digging pits for themselves, but for us we're smart we make money by being smart and being debt free (we don't even owe our shareholders because they're not lenders) perhaps sell the middle of SDV and leave for ourselves the south and pick up Cadellas of GLN for $70m or twice their mcap, and sit on it for 2 years then drill some holes then sell it for $300m - rinse and repeat
- between 2020-2025, we sit back, harvest interest income, we make a lot of money from downstream participation with posco and LPD. Shareholders will be happy, we have a lot of cash selling spodumene and realestate, retail holders still don't like any dividend, what a blessing to have these sort of shareholders.
All by doing close to nothing, the pieces will come together. Then we will do a Stephen Bradbury at the end - earning hundreds of millions annually from realestate and downstream partners and MC, with smart plays and little efforts, best moves are better than many wrong moves. Simples
Cheers
GXY Price at posting:
$2.20 Sentiment: None Disclosure: Held