Read thoroughly Wesfarmers’ outlook:
”At current spodumene prices, sales will not contribute positive earnings inFY24 due to the higher cost of production while volumes ramp up toward full capacity”
https://www.wesfarmers.com.au/docs/default-source/asx-announcements/2024-half-year-results-briefing-presentation43a2b428-fea7-464d-9ae8-590e1bf91e74.pdf?sfvrsn=ee70e0bb_3
(Page 20)
Their outlook is specific to their mine starting production and ramping up. That is common to every mine at their stage. And is linked to current SC prices, that are not final and actual selling prices for they. Last, their outlook is short term, till June 2024.
The pump you see is general to lithium producers. If something is brewing it must be positive to the sector.
No Offer Forthcoming IMO, page-53
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Last
87.5¢ |
Change
0.025(2.94%) |
Mkt cap ! $2.121B | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
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|---|---|---|
| 2 | 30489 | 87.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 88.0¢ | 252133 | 14 |
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