I hope that Sibanye don't do an Albermarle and pull their investment agreement, or sell their shares in Ioneer, because Liontown sank 30% on Albermarle selling out.
Sibanye reported a 37% drop in half one profits, and the closing of some gold operations because the AISC of these was too high, well above the current gold price. Year on year, their profit fell 20%.
Anyway, hopefully, all of those conditions precedent will be met. Sibanye have told their investors that Ioneer expects the BLM's record of decision in the first quarter of calendar year 2024. Fingers crossed.
The whole global Lithium landscape is on a sticky-wicket at the moment, thanks to China's determination to crush the global prices for spodumene and lithium minerals. And crush it they did.
Gw
External News & Commentary, page-2288
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