Ann: Quarterly Activities Report - September 2019, page-66

HELP !
Am I completely mathematically challenged?
Here's my assumptions - conservative, rounded up/down to arrive at ballpark earnings
GXY shipped 58kt
Prod Cost $387/t
Li world prices $8000 > $12000/t - yes I know GXY didnt mention what price they are getting

Calc
50000 tons x $6000/t deduct 50000t x $400/t = $US280m minimum assume 20% profit = $56m > Whats the EPS + P/E now I wonder > reply
shipped x price/ton shipped x cost/t

Q + FY guidance pretty much in line
2020 guidance - prudent reaction to world Li situation - 75% prodn level compared to FY19 on a 40% cut to extraction rate = effeciency gains
Full year EV production volumes across the globe are still expected to achieve double digit growth year on year.
Euro EV growth YOY - very good.

SP reaction on this news @ 1130 - up 1c

So my humble analysis comes to this conclusion - GXY is making money, building cash, carrying manageable debt and is primed to meet demand when battery/EV producers require it. Enough of this nonsense, those faceless fiends out there who are big time short - take your profits, reverse your position and buy into this company.