Spodumene Prices, page-140

All the EV battery chain major companies shares prices have been down recently and today. CATL, Ganfeng, Albermarle, SQM, Livent. Despite a great announcement, LG Chem down 12% from their ATH, 2 weeks ago. POSCO Chem OK but still hesitant. I suppose it was all a bit toppy and investors generally, have blown the top off their beers. Plus the world markets hit last night and risk sold off. The AUD down 1c overnight. Maybe another run tonight.

Tesla however, continue strong (however currently down 7.5% in futures). They are the bellwether for the whole Li-ion battery chain. No one is disputing this energy disruption is happening.

No one got hit worse than us last friday. I'll be very interested to see the Shortman stats tomorrow.

@walmak notes some big player is forcing our share price down late the past 2 days. Thats not free markets determining a fair price, that is a market maker manipulating prices.

Our share price has risen in line with other Lithium plays. We've had debt refinance, ALO takeover and low costs confirmation and todays positive cash flow announcement. GXY power on with what? Mt Cattlin 51% recovery for 5.94% Spod and costs of USD452dmt(FOB!!!). GXY, AVZ, LTR and PLL power on with what? Hope? They hope for finance while we refinance to 5%pa. We produce and have refined our process. LTRs costs are based on attracting adjoining Stage 2 processor, the inefficiency of which has been well documented (same for AVZ, although the DRC will reclaim their resource and reauction it to the Chinese).


Today's report showed production affected by maintenance work over 10 days, plus 6 days of throughput testing for expansion of latent Stage 1 production capacity. Also, note the production of waste material to suggest ground preparation work for future quarters.

All in all, the USD351dmtcif in costs is a fair result considering maintenance, latent production preliminary work and waste mining (Mt Cattlin USD451dmt FOB ... so add another 50 for cif). It sounds like the BOD are gearing up for an assault on lower costs in the coming quarter. USD320pt here we come, hopefully.

Again, another expression of confidence regarding the POSCO JV.

Sales guidance up 10% (and near maximum production). Still no peacocking from the BOD. The GXY report notes current quarter sales price received at USD480pt ... and that's for lower quality product! It would be fair to say, an improvement on this quarters positive cashflow should be expected.

We've got the goods and production expansion all lined up. The major EV/ESS battery chain players are powering on and no other major producer of raw material is matching our development.