Sorry my last post was a bit harsh. All I meant to speculate was that others are likely to raise funds to continue to operate while seeking offtakes. Some may succeed, but overambitious production targets may be revised down i.e. superpit --> boutique which will affect their pfs/bfs figures, opex and mcap. The last thing anyone should be doing now is spinning further BS about superpit output, chinese offtakes and massive basket prices - the market is now smarter than that.
The real kicker here is that as they scale down targets and use realistic basket prices to try and secure offtakes and finance, we will likely be doing the opposite as we bring merelani online and scale up production to meet increasing demand from LG chem/panasonic etc through Sojitz network and other strategic partnerships.
Customers, yes afternoon surge as expected and then tomorrow hopefully a continuation on good volume.
KNL Price at posting:
28.5¢ Sentiment: Buy Disclosure: Held
