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Ann: Lithium carbonate and spodumene concentrate pricing update, page-108

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bombom

1,173 Posts.

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04/04/22

16:40

Post #: 60637482
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Originally posted by ljcamp: ↑

if you strip it right back to basics…

massive cash landing on the balance sheet in catlin, Oz 1 plus narah and oz stage 2 both due to come online very soon. Assets in Cauchari plus the borax.

we have a lot of money on the balance sheet, uncommitted supply approx. 70k tonne pa of LCE between James bay and SDV. Yes, I repeat uncommitted to a consumer. in the midst of a chronic and sustain shortage of said commodity that we have seen drive prices to nose bleed prices.

the car manufactures want to lock in quality supply as low as possible. Unfortunately for them that opportunity has now passed for many many years *cough Piedmont*
the OEM have no doubt realised they will now need to pay to secure supply.

will investor day involve a script for script take over offer to say for example telsa? X AKE shares for X Tesla shares? The current AKE team continue to run the operation and Tesla get the fixed cost supply based on the amount of name plate per asset. Unlikely yes, because why wouldn’t AKE just continue as is and be rewarded in this environment?

AKE simply don’t need to cut any deals. They don’t IMO need to raise any capital for the development assets, it should be funded from cashflow profit and existing balance sheet. Let that sink in, 130k tonne per annum LCE self funded with no debt.

then consider what our market cap of sub $8b vs the sum of the parts above.

strap in ladies and gentlemen, and for god sake good luck to every single long shareholder. We bloody deserve every success on this stock.

not advice

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What a metamorphosis over the years.
Welcome back.

AKE Price at posting: $13.31 Sentiment: Buy Disclosure: Held
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