Shorters... Good luck!, page-885

Just go to the Asian Metals Index Lithium

http://www.asianmetal.com/LithiumPrice/Lithium.html

Now having digested that sea of red, consider that this is the only price that mister market is seeing. Seeing but not comprehending. The Chinese spot price has nothing, NOTHING to do with contracted lithium that the rest of the world is selling.

Read the results from all the producers that have come out in the past few weeks like ORE reporting $1400 US$/tonne for the first contract FY19 shipments, the interviews and press conferences that have been held and the tweets from @JoeLowry, @SimonMoores - the people who know the industry. There is a total disconnect between the share market perception of lithium prices based on the Chinese spot market and the actual battery grade contracted pricing that GXY and the other major producers are selling into.

This will end, the shorting is based on a myth. It is not just GXY and ORE and Australian producers Albermarle, SQM, LAC - all the big players are shorted. Look at ALB shorting:

https://quotes.wsj.com/ALB

14.52%, just over 16million shares worth US$1 billion!

News about our progress tomorrow won't, in itself, end this. It probably wouldn't make any difference if AT announced that SDV had been secretly brought into production and was producing its 25kt of LiCO3 already!

What, eventually, will make the difference will be the dawning realisation that despite all the doomsayers, the price of battery grade lithium is on an upward trajectory that started years ago and will continue upwards for at least the next few years.

In fact, this shorting will probably, in my opinion, result in higher product prices because the industry needs financing for between $9B and $12B dollars over the next couple of years in order to develop planned projects to get high quality product into the market. Capital and financing constraints caused by negative sentiment in the sharemarket only exacerbates the delays in getting the new entrants up and running.

The future of lithium is bright, it's just the players in the sharemarket that are dim.