.... and probably comments like these made in the GXY conference call today wouldn't help ....
Stockpile at the convertors are twice as normal. It is going to take 4months or so to chew through. Until then, the spod price remains under pressure.
.... if one of our customers slams the brakes on taking our spod and it cannot be spread to others our income will decrease and we will need to start stockpiling, which at our debt levels we cannot afford to do?
Combine the size of our debt, shrinking lithium prices ('floor prices' look like meaning jack in some offtake agreements) and stockpiles at converters and the recent A40 and PLS events and it could be enough for many retail holders to run scared unfortunately ?
AJM Price at posting:
6.2¢ Sentiment: Hold Disclosure: Held
