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Ann: DSO Feasibility Study Delivers Strong Financial Results, page-9

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Pezz69

5,347 Posts.

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19/10/23

10:52

Post #: 70423210
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Originally posted by 64palms: ↑

Need to dig deeper into the detail however first glance.

Great to see management delivering on what they have been talking about - DSO as a simple profitable operation.

Interesting they are only using it as a short term mechanism to fund LFP. I thought they'd do a longer DSO for cashflow.

Management have previously said offtakers for DSO will be very easy so I'm not worried about that.

For me the question is the probability of LFP. I respect management going after a more profitable downstream venture than wasting it's phosphate on DSO.

But will it eventuate. Interesting times.

All in all, great news. Another box ticked.

I expect offtakers to be announced by December.

Expand

i think given the volatility of phosphate pricing ( historically speaking) I think it strategically smart to pivot to the LFP plant as soon as they can.

AEV Price at posting: 1.2¢ Sentiment: Buy Disclosure: Held
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