“ It's just a bunch of missed targets ” Facepalm. There have...

“ It's just a bunch of missed targets ”

Facepalm.

There have been various progress targets, eg:
- build 2ktpa commercial plant
- demonstrate scalability of pilot plant by delivering BG Li2CO3 from new 2ktpa plant process equipment
- finalise commissioning of 2ktpa plant to enable continuous production
- ramp production towards nameplate
- deliver consistent product, continuously and reliably
Etc…

Some other targets include:
- receive govt approvals for +10ktpa expansion
- finalise strategic partnership to secure funding for expansion; likely combined with offtake agreement
- build +10ktpa expansion
Etc….

These targets have been aligned to a rough timeline, in the form of forward-looking statements, which have associated clarification to remind investors/market that the timing is not certain, cannot be guaranteed in any way, may be markedly different to expectations etc… but is based on information available to the comapany - combined with their assessment of likely timing - at the time of providing the guidance.

Imo it is extremely shallow to make a comment like “it’s just a bunch of missed targets”, as if we are not making significant progress towards commercial production.
Has the timing guidance been optimistic?
Sure, most company’s is.
Have the delays etc been frustrating?
Sure, to different extents depending on expectation management.

Imo anyone who “invested” here at say 50c and is now vocally “mad/upset/etc” that the sp is say 40c, is either fixated on pips and trading rather than actually investing in the company, or is simply inexperienced and unrealistic wrt to pricing fluctuations and market movement.

There are people on this forum who are down 6-figures from the 80c level, but don’t lose a wink of sleep over it as the milestones are getting ticked off, steadily and consistently; no major issues, no dealbreakers, no catastrophic surprises. They have expectations on what the valuation might/should be come production/funding/expansion etc, and see massive asymmetric risk profile at these (or even significantly higher) prices.
Hindsight is wonderful, but not realistic.
Shoulda sold at 80 and bought back at 40 blah blah nah nah.

Some of the recent posts sure expose the levels of trading desperations and (im)patience in some posters, imo.

Does the chart indicate heavy risk to the downside?
Seagull?
Hardly, imo.
Buy low, sell high.
Imo low = 10/20/30/50/70c; high = 1.50, 1.80, 2.00, 2.50.
Of course everyone’s timeframes and risk appetite is different, but be clear about what yours is and post comments with that context made clear, imo!
….and save the dodgy FA (like “it’s just a bunch of missed targets” ) for the humour thread.
We are kicking serious goals and are leading the pack of next-in-line Li brine producers afaik.
Expectations management. DYOR, Get good at it, and make bank.

GLA - big year ahead, at the pointy end now!
…no sympathy for Pip-flippers insulting the company or strategy etc, or whinging about the ST sp movement.

BG Li2CO3, in bags, tonnes of it. Hens teeth.
$$$$$$$


Not advice
Imo
Dyor