Why the GXY share price should rise tomorrow, page-296

Gameplan,

In your comparison to FMG you have proven the point asb et al have been making. FMG realised price in Oct 18 was $41. FMG realised price in the last quarter was $71. This is a huge increase in profit with cost of production only rising slightly. This is why the SP ( and analysts target prices) have gone up. Contrast this with GXY where the spod spot price has gone down and you have your answer. GXY management have not stated the current margin as they have refused to disclose the current sale price which, given that they are having trouble producing 6% spod and are apparently trying to achieve 5.9%, will not be top price. At least FMG are upfront with their realised prices - good or bad.
Also, on reflection, I don't buy the argument management put up that stockpiling was not due to price but due to delay in customers requirements.
If you can get a profitable price you sell it as you can always produce more. Clearly GXY could not get a profitable price for it's below 6% product.
I also don't buy the argument that GXY has a "contract price" which is higher than the spot price. There is always an adjustment mechanism in any contract or ,in this case have their customer/s bought on the spot market and left GXY to stockpile their below 6% product.
I must say this time around found management shifty and defensive................. doesn't fill me with confidence.
Spodumene min 5-6% Li2O, CIF China, $ per tonne