RE:RE:RE:RE:4-5 dollar next! Hi LithiumOne,
First, I don't have any position in CYP, and have been watching it, and will continue to do so until PP is announced.
JV is better option, however, there is Bad and Good JVs. LAC sold (25% just forgot exact proportion) for 25 Millions $, that's bad JV. PLL sells 1/3 its spondument concentrate to Tesla at FIXED PRICE, it's bad agreement. Because it's Tesla, so the SP is UP for NOW.
I more see CYP needs to overcome the followings:
1 More Laboratory Testing to see which processing routes they are going to proceed;
2 Construction the Pilot Plant to show it can be done with CLAY, Economically!
After this, the end userd may be interested in CYP, and start JVs and offtakes.
I believe CYP needs to get over the PP. Sometime, it has to be done for any development company, the money raised needs to achieve certain milestone, then raise more money at higher share price, and reduce dilution.
Where does money come from for the Pilot Plant? They don't have money. When the market is hot, you raise money, it is not when you desperately need money.
I may invest in CPY later, not now.
tiger
LithiumOne wrote: I'm just hoping for a JV. However, The more this drags on the more it looks like PP. The company for a couple years have said they are looking for a partner and I believe we are the most advanced project without a partner. To me it just throws up some red flags to why we don't have a partner. if the project is as good as it looks we should have multiple choices for a partner. So if we do go down the PP road the company will say we had options for a JV but we didn't want to give it up that much. So in my opinion the PP should be really good (no warrants, under $10 million raised). Once this pilot plant is operational it should be a source of income as well which should help. Unless the PP is a great one I will see it as a huge step backwards as we need an albermarle's engineering, expertise, and brine to expedite the whole process.