Ann: New short-term Offtake Agreement for initial ramp-up volumes, page-130

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Tinwins

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16/07/24

10:16

Post #: 74769525
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Originally posted by mondyinvest ↑

Yes this is very irregular. It marks a significant shift in strategy for LTR who really had set itself up as a purely-Western-backed lithium supplier. Binning that strategy for nothing more than a short-term 10 month offtake with a release of only one page is very strange.

The threads here are peak HotCopper, every single move by the company is lauded as a genius master stroke when in fact something like this warrants some hard questions.

To sign such a short term offtake with a CHINESE refiner suggests to me they decided it was more imperative to lock in the certainty of revenues (even with market pricing where it is) than leave anything for the opaque spot market, even though they just booted their strategic narrative.

Ramp up is going to be very difficult and costly in the current market conditions and with their revised 3mtpa plans the cost base will be much, much higher than what they had previously disclosed to the market.

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Take it to your podcast or has that folded now?
Before you go can you explain how this latest ann suggests we are being controlled by China ?

LTR Price at posting: 97.3¢ Sentiment: Buy Disclosure: Held
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Ann: New short-term Offtake Agreement for initial ramp-up volumes, page-130

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