Easy to think - grass greener elsewhereAs I have reported before I own shares elsewhere to save my sanity. Each other company has MANY headaches. For instance GXY has taken it's producing mine- Mt Gallatin thru commissioning twice, once in 2016 and once in 2017. AS investors we think - good that is now behind us.
This is 2019. So what do I get from the eanings call transcript from GXY ? Here are the words
Construction of the Yield Optimisation Project was completed during the quarter and commission was approximately 85% complete by the end of the quarter. We have now reached the stage of almost 100% commissioning partway through January. Improvements in recoveries and production rates would -- will therefore be realized from Q1 2019.
LI production is a tough business, so be ready to be even more patient once CRE has a deal.
It is amazing the variety of problems that arise. And remember Morgan Stanley grandly waved it's magic wond and said - we will have oversupply. Not true by a long shot.