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Dancing

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04/10/19

10:18

Post #: 40721908
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Originally posted by Sjlasx: ↑

First fortnight of October is a good sign. Exceeding 60kt of Sept Qtr for the Dec Quarter is a priority.
Obviously hoping for 90kt but in this spod oversupply market but that may be wishful thinking. Yahua will take time to ramp up and how the other offtakers are faring is unknown.
Looks like even the golden child of spod shipping AJM may have shipped as little 27kt for Sept Qtr.
Will be a very interesting month for the industry as quarterly updates flow through. Will be no doubt about operational profits from MtC given the 60kt shipped. Another positive will be a shift towards a higher grade product sold as the pre YOP inventory is sold.
What this means for the GXY SP is anyone's guess. As has been pointed out the market cap is now below what POSCO recently paid GXY for the Northern third of SDV tenements. GXY still maintains a healthy war chest to weather the cyclical storm.
It would seem that the entire sector continues to be pummeled in unison despite GXY being one of only two commercial asx lithium focused producers with no net debt.

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Can one of you guys confirm @GCar @yanlin @Thesi @regal ?

There has been a post where it was said 1 of the 30kt shipments in the June Quarter wasn't paid until July. I can't find the reference to that.

if that's the case, we should be receiving that money (cash for the 15kt shipped in Q2) and money for 60kt shipped in Q3, in the September quarter, which would be nice.

Last edited by Dancing: 04/10/19

GXY Price at posting: 99.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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