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clock Created with Sketch. 11/03/17
12:25
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Originally posted by Jehosephat
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ORE's SP rout is understandable given its disappointing notice re prodn, its high valuation and its continuing problems. GXY's is more related, I believe, to the usual volatility of the SP and a natural pullback from its strong rise in Dec/Jan. The Oz market also continues to have problems understanding Li and is easily spooked by stories of over-supply, even though the evidence shows the opposite to be the case for at least the next 5 years. Australia has also been out of the lithium loop and investors are only half-aware of what's going on in the rest of the world. That is slowly changing. I'd imagine that the next quarter's results will show a profit and the EOY results a much bigger one as the 2017 prices for shipments start being paid. I am confident that the 2018 prices to be announced in 8 or 9 months will confound the market once again by going even higher. DYOR
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What date are we looking at to receive the payment for the second shipment? I remember it was something like 10 days from shipment?
