But CFO Brian Lynn during the April 21 conference call …. (see here; https://hotcopper.com.au/posts/52886477/single)
….. said he estimated prices were expected to work out at $US 535 a tonne?
Not US$700?
He said:
.. “Now interestingly, for the March quarter, for those shipments that were provisionally priced, the provisional price was about US$410 a tonne, per tonne of spodumene concentrate. The expectation is that when all those cargoes get priced finally, which will happen during April, the average final price for those cargoes is going to be around about US$535 a tonne.
So there has clearly been a major shift in the price of spodumene concentrate, and we’re going to be getting the benefit for those March cargoes during the June quarter. So that shift in price we estimate today will be about between, in Australian dollar terms, $5 million to $7 million because some of those prices are just being set at the moment. And the expectation would be that that $5 million to $7 million would be received from customers during the June quarter.”
But can someone please explain the discrepancy between the report saying : During the Quarter, Pilbara Minerals received: • proceeds of $78.4M from customer sales (inclusive of A$7.5M of receipts following finalisation of pricing adjustments on the March Quarter cargoes that were provisionally priced); ..”
And the April comment above :
.. “ And the expectation would be that that $5 million to $7 million would be received from customers during the June quarter.”
(20min delay)