Mt C cash flow is normal as pepayments have been made on stockpiled spondumene
Price received for lithium has decreased by 20% on previous quarter but recovery rates and quality have improved.
Mt C not shipping lithium recently due to the delay in upgrading of the production lines of its 2 biggest customers to meet li quality for the new Chinese 400km subsidy level
Lithium price has softened but due to 5 year contracts MC still has same profit margin
Finer details about partnership or progress with SDV is expected soon.
Mt C is still highly profitable
GXY share price starts to burn the shorts
Brokers keep GXY guidance the same with a couple changing to buy.
GXY hires asb23 as marketing director
GXY Price at posting:
$1.82 Sentiment: Sell Disclosure: Held