Did they explain why LiCo2 production dropped by 15%?
Not sure about the international prices. But the Chinese industrial grade LiCo2 have been long between US$20-30k/ton. Don't understand why ORE still sold at only averaged US$9k+?
Under such market condition, ORE continues to lose money - it would be much worse if not GXY came to rescue. As retrospect again, it shows so unfair for GXY to merge with ORE at 0.569 SP multiple to ORE's. Well, what's done is done though.
ORE LiCo2 production still remains at the same level as 5 years ago. Really unimpressed with this management.
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