Fundamentals (New), page-129

Fundamentals as of June 5 2018 announcement.

So fundamentals have changed. Price has dropped from 30c to 21.5c. it's evident that everyone hasnt had their expectations met today.

SO.
What do we factually know right now without any BS. What has management communicated to us?

The announcement today said they have produced industrial grade lithium. (Can someone post % purity required for IG please for education)

Why didn't they produce BG?

Because they require high heat to get rid of some of the present impurities that's preventing it from BG purity. AM via tweet has told us that they are connected to the gas line, they "have approval" and they are waiting for the local supplier to turn it on. The announcement told us that they are waiting for "local beuratic approval".
A little mixed in news, but sure whatever.
So we will be getting gas soon to get the heat to get the BG.

Honestly, I don't mind this news, I'm glad management still appear confident, as per announcement we meet BG specifications in a lot of the criteria. I will let management take care of the rest via the heat.

Fundamentally we still know we are also getting jorc soon, a PEA, lots of management talks with potential customers, potentially an offtake, and hopefully BG after we get our gas.

Management themselves are heavily invested in this, we have also recently utilised the option to own 100% of the project, and this tells me management are confident

Today wasn't expected, but fundamentals are still looking good.

price down to 21.5c today. My prediction is it will recover to 25c and stabilise there. Further news will take it from there. I think these prices are a perfect opportunity to buy.

Narration is my opinion. DYOR.