General Discussion Topics, page-135333

We had a decrease in spod price for 2/3s of this quarter with an uptick from around start of March. So the quarterly is going to be interesting.

Off memory we didnt get payment for the shipment until it arrives at its destination? (dont quote me here) Now whether they have already contractually agreed on a spot price preshipment or they pay the spot price at the time the ship arrives at port of the buyer, Id have to look but if we had some shipped off in Jan it could be ok...... It was written in one of our earlier ramp up reports (I cant be bothered going back through it to see).

But given the last quarterly was better than expected, ok we are likely to have a worse one with further price decline but I think we will be pleasantly surprised. As I said I am expecting cash balance 120M-150M. Long as it wasn't a burn off of cash it will bode well and as long as recoveries etc continue to push upward on that 66% record in Dec would be good.

The market has recently shown us all to be responding in a lagging manner to data as has been clearly demonstrated with no share price improvements on positive lithium price movement in spod.

My expectation is that IF spod continues to rise we will see improvement in price in the lead up to June 2024 QTR (again pending spot price, our next QTR isnt horrific and the cost review doesnt have any red flags). As I said about 2 weeks ago:

Slow price increase to 2025 before a big move up with a lag follow on of our share price. Its still a year off so I will simply accumulate atm.

ALL IMO obviously DYOR.