Ann: Dividend/Distribution - FMG, page-17

PLS sell a lower grade of spod.
When the average spot was $1100US/T PLS was selling it at $840US/T on average.
Now the spod is at $772US/T. So what does that tell you they are selling it now at not
last financial year but now which has fallen in the last month from $950US/T to $772US/T.

You are dreaming if you think they are still selling it higher than the spot price.

Spodumene Concentrate Index(CIF China) Price, USD/mt content 5.5%-6.2%

PLS sell 5.3% grade spod. Has the penny dropped yet ?
I post facts and here is the graph to show you why PLS will be losing money now.

I expect PLS to dive under $2 a share might even go below $1 a share.
Look at Livent that took over AKE gone from $17 a share to under $4 a share.
Its all due to the spod price in free fall.

PLS gone from a high of over $5 a share to $2.97 and still falling.
Why do you think I got out.

I sold my AKE at about $8.50 and the same comments were made when I sold them that people said it will go back higher it never
did and still falling hard.

Fact is China is subsidizing anything to do with EV's to corner the market.
Its why BHP had to stop production of nickle as the Chinese owned mine in IND
lowered the prices of nickle which wipes BHP out.

SPOD will eventually get so low PLS will fold.