The 15k shipped is irrelevant. As I have posted. Pretty obvious, but here it is again for your benefit...
Not a cash cow? How do you know what the effects of higher spod quality and higher recovery rates will do? - Oh wait. You dont. FEAR is your game, not facts.
Why sell out some of SDV while the market is deflated when you are in a strong position to wait it out? That is good business. Why do you think we are set to re-negotiate our contract pricing in 6 months instead of 12? (Dont worry, I dont expect you to have an answer... ignoring is effective enough, no?)
This quarterly will show:
1. $280 million USD of Posco money will show up this quarter.
2. New recovery levels will be showing from this quarter (70%+)
3. All Spod produced this quarter have been mined from across Floater Road where the quality is significantly higher than the previous pit you keep blabbering on about.
4. Production has just been confirmed by GXY management to be 45,000 T which is a great! And every bit of it is ALREADY ALLOCATED to our 5 year supply contracts, so although we didnt ship 45k this quarter (and really who cares, aligning to a quarter doesnt mean sheet unless you have cash flow problems - FYI Galaxy doesn't) we have the Spod ready to sell.
5. We are moving towards the 6 month "special renegotiation" period for our Spod pricing, setup intentionally by Anthony Tse in anticipation that the Lithium price achievable at renegotiation will again be on the increase.
PLUS
We will also quite possibly be able to negotiate HIGHER prices due to an even HIGHER QUALITY spod after the Floater Road Ore and recovery rates are factored in.
As Anthony Tse has pointed out to our poorly researched Morgan Stanley associate - "We attract a premium price for our spod because it is better quality."
So how much higher quality can we expect coming through now?
GXY Price at posting:
$1.96 Sentiment: Buy Disclosure: Held