PLS chart, page-474

FFS EWO, I can take a barefaced whinge from a holder but why a non holder like urself could give a shat, I dunno.

Its all part of a previously agreed amendment to their respective remuneration packages. No one gives a shat about a footballer getting paid $1m pa contracts but suddenly you're all aflutter about COOs, CFOs, etc of an ASX300 Company, getting their dues. At least they should be acknowledged for taking it in share scrip. Recent VWAP would've been more appropriate but whoever said $1.00, is ...

Its not as if you can walk down Centrelink and look at a string of similarly available positions. I'm all for keeping executive remunerations responsible but its a 2 way street.


@morethanyouare Wasn't there an additional 10,800t shipment in July as per Hoffman's post:

https://hotcopper.com.au/threads/ramp-up-of-next-pls-shipment.5258674/page-348?post_id=46058480


If there's a problem with our share price, Joe Lowry's recent statement (as per Seberhardt's recent post) may have something to do with it:

https://www.globallithium.net/articles

My top nine assumptions (for better or worse) over the next five years are:
1) WA Spodumene oversupply moves to tightness then short supply within 12 to 18 months
2) Conversion capacity in Europe is starting up by 2024 with feedstock from Australia giving companies like Pilbara and Altura more partnership options. Wesfarmers and SQM “breakup” ... Wodgina starts back up after it becomes obvious the capacity is needed.
3) The Atacama struggles to reach 200K MT of production with less than 75% being battery quality, a far cry from the 400K MT forecast just a few years ago.
4) Galaxy and POSCO remain “also rans” with production of less than 10K combined by 2025.
8) By 2022, at least two large multinational companies not currently involved in lithium make significant investments enabling the industry to catch up with demand by 2030.

Has Joe heard something about POSCO's industrial scale LiOH Test Plant that we haven't? They were using our Spod to produce 5ktpa. They've spoken out about expanding to 40ktpa in 2022. Rodney Hooper has spoken out about the difficulty in expanding accredited chemical production to mass scale. Ken said POSCO were producing industry leading quality. If POSCO can't cut it, we get no JV and S2 financing.

Maybe Ken will use cash to go S2a alone? Our shipments appear to be increasing. I'm hoping for an ASX Ann. early Oct20 advising production and cost thereof, success ... and a quarterly advising sales guidance increased to maximum.

I have my doubts the 2 large multinationals are BHP and RIO. Twiggy was interested in Greenbushes and then there's Wesfarmers but I don't think they're to be referred to as multinationals, so who else could he mean? Tesla?

If MS advice as to Chinese Spod levels is any guide, then I'd say we're very close to industry tightness now. At least Spod prices appear to have stopped falling.