AKE (ASX) Allkem General Discussion

Originally posted by Swift4: ↑

Hi GCar, I always enjoy your posts/contributions.

I don't think the previous GXY management were the team to get the job done. They didn't even think they could do it themselves. Got their options, spun us off and got out.
Yes progress has been pushed out to 2023 but what sort off mess did GXY leave the ORE management in when it came to royalties for the indigenous people. From my recollection GXY had mucked that up, They couldn't progress, couldn't start spending millions without that box being ticked. I totally blame GXY for that.

SDV, was it 6 ponds in total, liners down on almost 3, probability lots of earthworks competed too. I would think the second 3 will go down faster than the first 3.
Not worried about that.

Good point about plant construction. Given we have been planning this for so long, fingers crossed its a lot of prefabricated click together type stuff well advanced, sitting in factories around the world.

It would be good to take a reference of the time when first brine went into the first pond at SDV, add 18 months onto that.
Be good to find out when first brine went into new ponds at Olaroz to test my theory.

Guess we will find out more on the 25th Good luck.

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While I agree the Management Team at GXY of Rowley and Tse was lacklustre at best, Once Simon Hay came on board the ball started to move on a lot of areas where no progress had been prior.

He also was instrumental in getting GXY through the tough times, keeping Mt C operating, not in C&M as some called for, introducing optical sorters etc, and was steadfast in saying that the company would stay with spot pricing moving forward.

SDV and possibly JB would likely have been funded through free cash flow, due to this.

Looking at other Li companies I find it hard to believe that GXY would not have an MC of $4.5bn - $5bn. Thats an SP of $8.75 - $9.75

Currently we are the equivalent of $7.05

I think ORE holders have been likewise short changed on their investment returns the last 12 months.

Leadership and Performance start at the very top.

Probably no coincidence that the lacklustre ex GXY Chariman is Chairman of AKE.

Let's hope they stay with the agreed timelines, and his replacement should be announced shortly.