the webnar was annouying in the first half.SB repeated the same information at least 4 times over and over...
toward the mid and end much better,, he said revenue of 200mil, so that up on past conservative, and stated the obvious the DFS was based on much lower prices.... and mention it was possible to get up to 375,000 production.
The team and SB were very confident of a resource up, double... and sound very much like a matter of when not if.
mention again strongly how much we were undervalued compared to our peers, and harped on about that.... which irked me... why? because he gave away share much much too cheap, why keep saying basically that we are at lease half undervalued or more..... mentioning that on each occassion yet... sell us up...SB have confidence...do deals from a position of strength!! they want us more that we need them ...there are heaps of buyers around.
today another company i follow issue shares at well above the current SP, and it closed early over subscribe, which is what i would have expected, remember we are a 10Xer. so shares at a premium would cut that back to a 9.5xer
something i didn't like was when mentioning offtake pricing, a bit vague, but focused more on spot pricing with the excess product... suggesting to me like a price or formula had already been set for our offtake...so don't be surprised if were not great the fully price.
He did push the fact we are virtually derisked with finance.... reaffirmed a start before end of year... but push the end or 2022 for product, which also irks me as the original spiel was mid this year stretch to now 2022 end... and as a couple of poster mentioned those time lines seem to get longer... .. he did not sound confidence in the end of 2022. ... sort of sound like full production 2024??
And after discounting hydroxide several times this year, when ask directly... and said no... .he was very very keen on it now.
i had posed 4 or 5 question, but like most of the presenters...only about 1 each because of time....
I put a very important one first.... hoping that would be addresses for us retail shareholders..... something not much mentioned ..... when will be great some dividends for shareholders? and based that around what is or would be the companies dividend policy if they had been developed as thing have move a bit quicker in last few months so maybe haven't had enough time to do that..... some companies have an 80% pay out of net profits.... I like that!! with so much cash flow to hit, 20% left to do other projects will be more that enough, even after they get all those bonuses and we make them not quite billionaires.
none of my queston made it.
good company, no so much the deals to me.
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