PLL General Discussion, page-1755

PLL posters who hold both PLL, SYA (and in some cases A11) are often the subject of ridicule (or worse) by others largely invested in just SYA.

Paging @arfbarf = you had to know this "page" was coming - I've had "spirited" dialogue with Arf (but at least it has never been spiteful).

This has and continues to be a problem - believing SYA 100% when there has been other statements that don't back it up ....

Follow the chain of posts .... you'll get the drift





and of course since I was tagged into the discussion











And now cue the guidance by SYA




So that really is a big whiff for all those touting 220Ktpa+ ... but why is this problem present ... weren't the upgrades made to get above the 160Ktpy. This is why I press hard sometimes ....

I wont state the obvious wrt to the OTA tonnages.

The pain for all is the price of SC ... spot at SMM for SC6 CIF at US$2,130 and still iin downtrend. One has to think below $2,000 and more likely below $1,800 is on the cards for SC5.4 ... going to be very interesting to hear KP's commentary on the earnings call. Maybe our gross margin is ~$1,000/t and EBITDA (from this project) being generated is ~$100M at this price ... still have to rip out corp o/head etc to get to company level and now its a question of mutiples since lithium seems to be "on the nose" at the moment.

A time for caution??? or fortune favors the brave???