ahh still frustrated the post I wrote to @Bron fell over.
if only we caught up on the 5th of November.
Talking about my post to @Bron, I think I can try to encapsulate it as this..
Nemaska are in a really difficult situation, Where they require C$375 million and that is in excess of their contingency which Guy points to requiring further funding that will be in excess of 10%
I don't know how the major holders will cope with this information which is well over 1/3rd of their planned costs.
Even C$375 million has me in awe of the screw up and it all comes down to the grade of steel they require. Perhaps POSCO will help them too?
Dont let me get away from myself.
The Nemaska tech is quite good, but it all comes down to how much lithium hydroxide the market requires.... And sure Lepidico talking about their new Lithium Hydroxide tech.. it kinda seems to me that this was announced to remind Nemaska that what they have might not really be required.
Val Dor in Canada recently picked up by CATL (WTF were they thinking? Batteries stick to them?) Anyways that mine hasn't gone well and now we have another one in Canada. The eternal land of failure... Why should Galaxy build there? They are slow getting thing approved, but let's not talk about Argentina... WTF Argentina.. do you want us or not? Salta is letting you down.
Galaxys report for Q1 might not be pretty. I guess we wonder what will bring the razzle dazzle to the Spiegeltent.
GXY Price at posting:
$1.93 Sentiment: Buy Disclosure: Held