Ann: December 2023 Quarterly Activities Presentation, page-11

First 11 Last

Share
Profile

Follow
jjsbuy

925 Posts.

228

05/02/24

11:25

Post #: 72238565
Share

Originally posted by Normandy7: ↑

finally got a moment to listen to the call. I was impressed. It’s worth an hour of your time to take some notes. highlight was a minute from 24.20 about selling to Chinese for the ex china supply, sounds like JVs are on the way as they want to crack North America, Europe and Asia. They mention non-dilutive expansion. Plenty of announcements on the way. Further offtakes for both Vidalia and Balama incoming. Market based pricing (Teslas first lot was probably a sharp deal)
Comments on Chinese’s anode producers expanding operations overseas needing to lock in ex china supply and rework ownership structures and JVs to make themselves eligible to fit FEOC and be IRA compliant, Syrah expecting to make some announcements soon.
Chinese incumbent natural and synthetic supplier told Verner that rationalisation must occur (low prices not sustainable new entrants having low utilisation)A few big Chinese JVs and Balama might need to expand. OEMs need security of supply and the Chinese export controls and legislation in U.S. and EU make Balama critical. Focus is on incumbent suppliers as they can increase volume faster.
Also poured cold water on rival projects over estimating prices and under estimating costs and timeframes. AAM facilities are a lot quicker to start than mines. By 2026 expecting Balama to send 100k exchina
as a side I’m not stoked we are back in the 30s but with the increase in shorts we may invite them to a Chinese or Korean BBQ very soon as positions unwind DYOR

Expand

nice summary. Thanks mate. Lots to look forward to.

SYR Price at posting: 39.3¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

IRX

InhaleRX snags $38.5M in funding from VC biotech funder Clendon

MTH

Mithril's drilling in Mexico picks up silver at 997g/t, gold at 28g/t

SWP

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%

NVU

Nanoveu surges 10% after benchmark testing for new AI chip begins

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Week 42 Wrap: HotCopper's top picks; new ASX 200 record; world yawns at war

SNX

Sierra Nevada raises $2M for silver exploration at Blackhawk

What's causing the cost-of-living crisis, and how to navigate it

TLG

Talga Group wins key permit for flagship graphite mine in Sweden

M4M

Macro, Norden set up transport solutions initiative for West Pilbara