Awesome report. Agree?
Welcome to ASX where nothing makes sense.
$122m profits, mgt have overcome a brink of bankruptcy position without the aid of high flyers, cashed up, strong financial position, delivering the goods every month, sdv mini plant in progress, best brine and hard rock assets across 3 continents, pure play lithium, super high growth sector, super price breakthroughs, super strong management team, investment friendly laws, low sovereign risk locations., 2nd best achiever in the entire asx200, and so on.
So the above is still not good enough. Shorters already depressed the price by 36% to 45 cents, Looks like some are intent to keep staring at the bottom for a re-entry. What is $61m to Apple's $246 billion? If there is no cash, you complain. If there are too much cash, you also complain. If there are $122m profits, you blame operating costs are increasing, hence raise cash. If there are no profits, even worse review. Just re - enter folks, there is more space in the sky than your line of vision even if you're a visionary.
Otherwise, look for the following for rock bottom price re-entry: zilch profits, cash strapped, big debt burden, zero production, lousy assets, high sovereign risk, ISIS, civil wars, corruptions, spins, endless promises, holes, dirt, mud, no clear path to production.
Going Back to the report, it's really crap man, but I don't care anymore with naysayers even if AT is so stupid to keep accumulating cash to the tune of Apple's $246 billion.
Go Galaxy express train! Keep going up at your normal speed of 828,000 km per hour. And leave the shorters and naysayers to bite the dust. Next stop, James Bay, followed by SDV.
Sorry for the rant, the report was too good for a Friday release.
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Ann: Annual Report 2016, page-19
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