Every 10c rise shorts become $60mil in red.Regal please explain...

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25/02/19

23:23

Post #: 37564206
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Originally posted by regal: ↑

MC $896mil
Cash fron posco sales $271mil.
Cash at last quarter $40mil.
271+40= $310us is $433 aud
GXY = 896- 433= $463mil for mtC +SDV +JB.
MtC - yop completed with 40% increase recovery and higher grade output.
SDV- lowest cost to produce carbonate in the industry for the next 40 years.
JB- fiur times resource of MtC.

Short sellers stuck at 15% min because they can't get out. There are no shares on market to buy back. They need $120mil to by back at current price. Every 10c rise shorts become $60mil in red. They must fight with teeth and nail to stay solvent.

A40 spodumene contract is 680-980 until 2022. Alb battery grade prices are equal to or above 2018.
ORE carbonate price of $9000/t is for technical grade.
GXY customers alone can convert 5kt every three weeks of spodumene to hydroxide.
From which Australian miners are sending oversupply of spod? Do tell, many would like know. Company and volume ?

Sell away if you believe the trolls are correct. There's no point arguing with the screen.

Australia is not a 1st tier auto market. It will take whatever the auto producers bring in. Japan will go EV as soon as possible, off shore wind farms will replace nuclear and EVs will be used as storages in emergency.

Total world supply can only be produced enough for 10% EV penetration by 2025. Not including home and commercial battery storages. There will be an LCE deficit for the next five years. By 2nd half 2019 LCE will be short. Keep it simple.

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Every 10c rise shorts become $60mil in red.

Regal please explain how this can be so, given only 407 mil shares out there and shorts around 15% or 60 mil! 10c on 407 is only $40 mil!!

GXY Price at posting: $2.20 Sentiment: Buy Disclosure: Held
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Every 10c rise shorts become $60mil in red.Regal please explain...

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