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23/12/19
21:36
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Originally posted by justfriendau:
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Why some continuously chanting and pushing the management for ponds lining and who knows what is the ground situation over there and if some force majeure causing one or two months delay! Sound like someone marriage expenses depending on SDV development! Why management develop SDV quickly and dump more lithium in already over supply market when Chinese converters are over-exhausted and not buying additional lithium conc. from new mines? Analysts are still predicting that lithium spot prices will continue to decline further in 2020 and recovery will take place from 2021. Management is doing a wise job by keeping the SDV development pace tie up with future high demand market w.e.f. 2023 when they will get more dollars for their product's concentrates.
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Why would we be dumping Li on Chinese converters from SDV? You do realise its a brine operation, not hard rock, don’t you?