AKE 0.00% $9.83 allkem limited

Analysts Appaulling Level of Ignorance!, page-2

  1. 634 Posts.
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    You are certainly on the mark with the ignorance of analysts....or some may be called 'plants' by large short positioners (new word It is clear that part of the questioning was done for no other reason than to obscure the facts. It's kind of interesting to hear all the agonizing over this report. The report is only as viable as the 'actual' production, as the truth in the saying "show me". I think management has been up to their ass in alligators as the saying goes for the past two years in part because of poor planning in the construction phase and very little cooperation from the previous government in allowing open importation of necessary equipment to complete the facility.
    In spite of these problems the price of lithium has helped bail them out. However....if they continue to talk about new 'cyclones' , and other parts that for whatever reason were not in the original plans...they just look that much more incompetent. I can assure you that they will not get costs down to $2500 per ton, and they will not reach full production in 2016 in spite of what they say. I am content to hold the shares based on a $3500 per ton production cost, and ramping up to full production in the first quarter of 2017....which will be the actual full production schedule in spite of what they want us to believe. A little advice; stop discounting lithium to the Japanese in the name of honoring bad deal making. Being fully aware of their partnership with the Japanese does not make me feel any better about selling them lithium under market. Maybe management should reevaluate who they are supposed to be answering to, before they have a serious shareholder rebellion.
 
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