A11
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2.60% 39.5¢ atlantic lithium limited

Ann: Change of Director's Interest Notice - A Harsas, page-15

  1. cmonaussie
    10,906 Posts.
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    05/01/24
    08:01
    Post #: 71734738
    Hi @WhatsTheTip

    I remember a "legendary" OTA done in the good old days (that would be 2022) between Livent (now merged with Allkem creating Arcadium) where GM prepaid US$192M to Livent to guarantee lithium supply
    https://www.reuters.com/markets/commodities/livent-profit-jumps-rising-lithium-prices-2022-forecast-raised-2022-08-02/

    https://hotcopper.com.au/data/attachments/5862/5862982-b2b63720ba48a9a59f837e4a9bb4649c.jpg

    This was a prepay for a 6 year supply deal and as noted in the article
    "Prepaying cash for a guaranteed metal supply is unusual in the mining industry"
    but it does happen

    Now from accounting PoV ... its not revenue that can be recognized (as it has not been shipped) but it is cash that can be spent!!!

    I want those days back!
    A11 Price at posting: 43.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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