well done randosmit,
looking outside the square, so what is the message here from the market? my interpretation is two exchanges, ASX only sold of 1.324 million dollars worth small fish, confusion - fear - looking at the financials as ridged and fixed accounting outcome scenarios that are typical of normal people professionals with normal day jobs who live in the square (I don't want to insult anyone) but this the result of social engineering and how we are taught that's how the system works that's how we think and lack of vision and creativity. Do you think Elon Musk has achieved where he is today after the sale of PayPal working inside the square ???
" Strategic review initiated in response to the challenging market conditions" just from this it's telling us the board of directors are on to the current issues and are looking outside the square box on what the financials are telling us and considering the best options to navigate the short term market conditions. These creative board of directors will find a solution.
Thankyou Rhino95 for high lighting the key costs and incomes below
https://hotcopper.com.au/threads/ann-corporate-and-operations-update.4873051/page-4#post-39715230
So I want to bring across the current short term is looking very difficult and this has been thematic across the whole sector so we have all seen this coming but not fully understanding its full severity on operations until know. the whole process from mining to downstream operations are affected.
what I do see is the big disconnect between analysis a news flow and sentiment reflected in share prices the wave of e mobility is on our doorstep and the amount of aggressive investment in this space is enormous. some links below
BE WARNED DONT TELL ME YOU CAN'T SEE THIS COMMING
Fords Best selling truck
https://insideevs.com/news/361332/video-ford-f150-electric-tows-million-pounds/
GXY recognition of A40 product quality is the highest in Western Australia and has invested substantial fund to back us at 20 cent
https://www.youtube.com/watch?v=fIqAh9tdRCc&feature=youtu.be
CNBC electric car ramp up supply crunch looming
https://www.cnbc.com/2019/07/26/electric-car-production-rises-supply-crunch-for-battery-metals-looms.html?__source=sharebar|twitter&par=sharebar
BMW doubles production in the USA
https://www.reuters.com/article/us-bmw-spartanburg-electric/bmw-doubles-battery-production-capacity-in-the-united-states-idUSKCN1UJ23B
A Dead End for Fossil Fuel in Europe’s City Centers
https://www.bloomberg.com/news/articles/2019-07-26/a-dead-end-for-fossil-fuel-in-europe-s-city-centers
Electric vehicle sales to surge across Europe, with 2020 seen as the new tipping point
https://thedriven.io/2019/07/24/electric-vehicle-sales-to-surge-across-europe-with-2020-seen-as-new-tipping-point/
The current over-supply has smashed lithium/spodumene prices and demand which, in turn, has driven a mighty sell-off in lithium stocks. The situation is widely expected to be reversed early in the 2020s.
https://unauthorised investment advice/resources/barry-fitzgerald-macquarie-turns-bullish-on-lithium-as-vw-steps-up-its-ev-push/
Shell is spending between $1 billion and $2 billion annually on its New Energies division
https://www.greenbiz.com/article/inside-shells-ev-charging-vision
BP’s recognition of lithium and the central role it plays in the energy storage revolution is further evidence that sentiment is growing far beyond the active supply chain”
https://www.benchmarkminerals.com/bp-cites-benchmark-minerals-lithium-price-in-world-energy-report/
Indian EV Aggregator Ola Electric Hits US$1 Billion Valuation
https://cleantechnica.com/2019/07/05/indian-ev-aggregator-ola-electric-hits-us1-billion-valuation/
VW has said it will buy 50 billion euros ($56.57 billion) worth of battery cells
https://uk.reuters.com/article/us-volkswagen-electric-batteries/vw-to-deepen-alliances-with-battery-suppliers-for-electric-push-idUKKCN1U30I8
Europe begins to think like China in building its own battery industry
https://uk.reuters.com/article/us-volkswagen-electric-batteries/vw-to-deepen-alliances-with-battery-suppliers-for-electric-push-idUKKCN1U30I8
Tesla Soars as Model 3 Paces Record Quarter for Deliveries
https://www.bloomberg.com/news/articles/2019-07-02/tesla-sets-deliveries-record-as-u-s-buyers-race-for-tax-credit
The big picture and very near future is being driven by the big wheel companies and corporate giants bp shell etc. government policy this is not a rehearsal shake and scream and kick its coming soon
How valuable would be to own a mine producing the raw ingredient today for tomorrow = its a sheiks dream
AS ALWAYS DOYR AND EVERY ONE HAS THEIR FiNANCIAL RISKS AND TOLERANCE
The future is upon us hold tight.
