The company's report is on the bottom of HC page, read them.
For april, 3500t spod sold+ 80%(pre payment) of 15kt sold. Contract price (fast market linked) $4500 less $500(cost)= au $100m for the month. Plus $120m in the bank. Total $220m less operation costs. Run rate of spod 180kt per year. 15% MC in cash, no debt. 15kt/ month. Non producers= no funding.
Production of BG lithium under $40k/t in China is unviable, they close, simple.
No BG chemicals, no batteries, period.
In July (in 90 days) all non EVs vehicles in China will be expired, non sellable, zero value. Registration for non EVs are limited to a three months wait lottery system. It's EV or walk. Repeat , by July, it's EV or walk.
From raw materials to BG chemicals is three months, there's around one month supply left in inventory. All Vehicles sales (gov policy) must be EV by July, with only one month of lithium chemicals left, that takes three months to produce. It's not the SP, it's not interest rate, it's not market, it's basic understanding of buying valuable companies cheap. Fear and lack of understanding is the problem. Buy and hold, luck is what you make for yourself. Well done LT holders. You snooze or sell you lose.
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Open | High | Low | Value | Volume |
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3 | 160000 | 0.093 |
8 | 228042 | 0.092 |
5 | 162000 | 0.091 |
15 | 566558 | 0.090 |
6 | 244301 | 0.089 |
Price($) | Vol. | No. |
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0.094 | 814846 | 6 |
0.096 | 114900 | 3 |
0.097 | 280988 | 2 |
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