Nevertheless, at the last meeting ..MC said 'after the merger...

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captjohn

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05/01/19

18:26

Post #: 37034035
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Originally posted by johnwightman ↑

Originally posted by maurice@demo
well we have the grades and resources demand is high from quality mid size producer a40

the scales of probability are tilted towards new off take partners expanding production this is the current narrative out there why would it be different for $a40 we have worked all year to ramp up and merge company to do exactly this expand and grow to supply demand thats why the BOD took this route to build plant first and drill out resource. second we in the box seat first to market with others
Hi Maurice. I have to say that I do not agree that A40 is a mid sized producer. I would classify it as a small producer. Talison might be considered as a large producer, based on its > $100m per month revenue from its Greenbushes operation. A mid size producer might be one which demonstrates a consistent revenue of between 25 and 100 million dollars per month. Most mines in Australia fall in this category. A40 is well below this threshold and has little more than a tny office in Osborne Park, a small camp in the eastern goldfields and a handful of employees there. We know that they have a contract miner and a contract crusher on site. A40 is the smallest producing lithium mine in the whole of Australia, If I'm mistaken, I'm sure I'll get a correction from the other posters. We should not be awed by the market cap.The market cap of any listed company is only a PERCEIVED value of that company and has nothing to do with tangible assets or track record.

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Nevertheless, at the last meeting ..MC said 'after the merger 'we would be a mid tier producer!'.. early days yet!
& can only get bigger sothat's good enough for me.

BTW Dow up 750 points last nite...the Fed bank boss said not increasing U.S interest rates until stock market recovers..plus jobs increased over 300k ..so was buying frenzy.....love it !! this should be bottom..IMO

A40 Price at posting: 25.5¢ Sentiment: Buy Disclosure: Held
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Nevertheless, at the last meeting ..MC said 'after the merger...

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