Yes, we are lucky prices have risen in guidance for Olaroz
The announcement is disappointing for me in a couple of ways.
Firstly, the last 3 quarters Mt Catlin production numbers suggest that this quarters production is less than 30K. Blaming it on Covid seems a little problematic. I assume this will affect the sales for the next few quarters as well. Hopefully this does not affect 2023 guidance.
The other is production figures are related to the slip to 5.3% Lith, whereas the sales quote is upholding $5000 at 6%, which really is only around [email protected]%.
AKE Price at posting:
$11.87 Sentiment: Buy Disclosure: Held