General Discussion, page-4909

@Kikker1959 usual system glitch won't allow me to reply to your post

You're probably spot on there, once earning the money, it will come down to EBITDA multiples & PE ratios, though I agree with you in that an African based company will be discounted vs an Aust Company. I don't think any holders here expect to get the same valuation as LTR, the point is we are massively undervalued comparatively - so there is a lot of upside potential

Also agree with your other comment re diversification. I know some investors are one stock holders eg with LTR & PLS, very bad strategy especially considering they are one asset companies, of course that applies more to Leo being based in Africa.

I know you hold PLS (as I do), would be interested in your comment on the below, as it could have implications for all Lithium developers including Leo & LTR

The paragraph pasted below is from page 8 of their March Activities report.

The way I understand it, they are referencing sales made in the March Q (av price received US$4840/t).The sale is recognised when the ship leaves port, but for sales late in the Q, the funds aren't received till the following Q.

So they are saying $354.2m was shipped in the March Q, but payment is expected in the June Q, the anticipated pricing adjustment brings it down to $202.2m - I assume because of the lower June Q pricing

That is a 43% reduction on the March Qs $4840 average price.

I know back in a webinar for the March Q last year, they said they receive good prices because it's based on Chinese domestic pricing, though it has been renegotiated since then. (obviously Chinese domestic prices have crashed - so may not affect other producers)

The reason I bring this up is because if Producers start reporting crashed prices received when they report in July, it will have implications for all Lithium stocks. Having said that AKE received $6500/t av price last Q and expect to receive $5000/t in the June Q (SC6 based). So nothing like a 43% drop, but it is a 23% reduction. Even if this is the case, it's just one quarter & most expect prices to recover as they are doing now.