Nobody will probably want to hear this, however this result is a slight miss from what I can tell from broker models. Lower revenue, lower EBITDA, lower NPAT.
Costs being higher and production being slightly lower seem to be the contributing factors.
Consensus was already factoring in 540 - 580 dmt for FY23 anyway, so nothing new here.
I'm not sure the market will necessarily rocket the price today. Great results none the less. What will drive the SP higher IMO is sentiment around longer term lithium prices. Which I believe the market still doesn't fully appreciate.
Ann: FY22 Annual Financial Results Announcement, page-30
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