Its probably clear from my posting that I'm concentrating investment on the GMM/GXY duo act.
Its the game plan to exploit this boom that makes the most sense to me.
Built mine + Experience + In Production + Contracts + Money in the Bank
People who have spread their money around a dozen speculative lithium plays to diversify may already be realising that they do not all have constant stream of good news and that the credit-raising and waiting game stage can get too much. GMM is on a hell of a ride. We should have our correction stage more or less sorted now and be gearing up for the next break upwards on the back of 2 strong new valuations, first shipment and more drilling reports.
GMM has the head start and have moved beyond the spec stage into a solid operation.
Michael Fotios knows the plant from his days as Galaxy's CEO and things are motoring along.
This is the factor that brings us back when we dip. The value proposition is so strong.
Other companies' path to success is still much less secure and as much as more co-operation would be great there is also going to be a lot of companies that fall short of achieving production and aren't at the scale where they bring anything to the table - financial backing or experience. I'm skeptical about companies that rely on patents instead of built operations. It can often be a case of the old ways being the most direct and quickest to exploit.
Unfortunate for some of the juniors - but watch for a few years down the track when GMM will be able to scoop up their pick of some good cheap WA assets from the receivership bin.
GMM Price at posting:
55.5¢ Sentiment: Buy Disclosure: Held
