Ann: Trading Halt, page-391

@BAU

No need for name calling now @BAU, only a few hours ago you were telling me it takes 5.23/t of Spodumene to make 1 tone of Li2CO3 (Today has been educational for you).

Well for starters mate when you are modelling a feasibility study over the life of a project, you don't utilise today's spot price. You utilise the long term forecasting price by a reputable market analyst like Benchmark Minerals or Riskill etc

I wouldn't get held up on today's spot because A) you are not producing today & B) Todays pricing is not relevant in 1, 3 ,5 years time is it ?

What your company should of done this week if it had an ounce of credibility (Which evidently it doesn't) would have been to utilise 50% at US$900/t and 50% at whatever the long term forecasting price from Benchmark that was provided to the company. This would have been the right / correct / accurate thing to do

Did they do that ? No then didn't

Why didn't they ? Well if you read their BS explanation of "In 2025 it won't matter as we won't be producing SC6" is borderline negligent from the Company Directors IMO

And rightfully from following the commentary on these threads and other social media channels it appears they are being called out for it aswell, which is fair enough given the dodgy they have tried to pull off to make the numbers look better than would otherwise be the case !