This is a welcome announcement designed to inspire confidence .
It’s saying the ‘falling tide is lowering all the boats’ but Altura is currently strongly saying it is not sinking.
I agree with @Stock12345 though that (so far) more than 60 million trades in the last two days signifies something else might be going on?
That’s around 3% of the company ?
Potentially, if Altura is heading towards a management complicit takeover whoever has collected these cheap shares will be able to put in a much higher offer for the ones outstanding ?
Thanks for the heads up that you are still in control James Brown .
At least that’s how I read it ...
Cheers
“Altura notes that negative news emanating from some specific lithium companies, and general market weakness, appears to be having a severe impact on all companies across the lithium sector, irrespective of the underlying fundamentals of individual companies.
However, Altura is currently experiencing strong production and sales performance, as advised in the ASX announcement on 20 August 2019. Quarterly sales are currently at 19,000 dmt and production is forecast to reach 45,000 wmt by the end of September.
There have been regular shipments of spodumene concentrate, and the next cargo to offtake partner Lionergy will be dispatched next month.
Altura continues to be able to sell the concentrate produced and maintain optimal inventory levels.
The demand for Altura spodumene remains strong with customers citing the exceptional quality of the Company’s product.
Marketing initiatives in China have also resulted in ongoing sales enquiries.”
