RE: Well Done Everyone!21 Aug 2025 09:36
There are clearly 2 ways of looking at the news from the past few weeks:
1) This is all doom and gloom, more dilution, the plant doesn't yet work properly, Glencore still haven't committed, George Roach is spinning the truth in the RNS's, we can't trust him, blah blah blah....; or
2) This is now moving forward in the right direction, the test run has worked well (yes, some tweaks are needed, but this is a big bit of plant, as with any big bit of plant, tweaks will always be needed!), we now have funding to move forward with what is needed, we have objective evidence that Spodumene of 6% is feasible (possibly more that 6%, but 6% is fine), Glencore whilst not committed have expressed increased interest re their satisfaction, the engineers are becoming more familiar with the site and the plant (no two sites or plants are identical in their requirements, and this takes a little time to build experience - a bit like starting a new job).
I know this board is divided into the so called rampers and the so called shorters, and the 2 different groups take different interpretations, summarised in 1) and 2) above - but as a pragmatic person, with experience in both finance and operations, I'm definitely a 2) scenario above - this is all now coming together, just needs a little more patience to click the final pieces of the jigsaw into place... but good luck to everyone - DYOR