I find it hard to believe that GXY would talk about themselves...

I find it hard to believe that GXY would talk about themselves in third person....

As usual you snake you haven't presented the whole story. What GXY actually said in the quarterly was this:

"As the industry continues to mature we are beginning to see the emergence of seasonal trends in both demand for lithiumion battery products, such as electric vehicles, as well as in lithium pricing. As in Q1 of 2017, the market witnessed a small retraction in lithium prices through Q1 of 2018 (c.-10% for lithium carbonate, c.-3% for lithium hydroxide in China). Despite this, however, prices remain significantly elevated on a year-on-year (“YoY”) basis (c.+21% for lithium carbonate, c.+5% for lithium hydroxide in China), indicating that the market for lithium chemicals remains incredibly tight and will continue to support a strong pricing environment."

You have deliberately left out the YoY growth and the seasonality component to mislead the people on this forum. Classic Alterego...


More generally - do you downrampers/bears/conspiracy theorists really think its a coincidence that GXY didn't disclose any of their customers in November when they signed a 5yr offtake agreement and now they are not telling us the full realised sale price for their product?

This is a competitive market and this is commercially sensitive information - GXY have confirmed the pricing is higher than 2017 (i.e., higher than US$905/t for 6% Li2O) which still sees us making boat loads of cash... FACT and this cannot be disputed.

Do you guys understand tolling? Here read this from the Cannacord Report in November which followed their offtake agreement announcement...

"Improved margins/earnings through toll treating: As part of the offtake agreements, GXY has also negotiated tolling arrangements with its offtake partners whereby concentrate will be converted to refined lithium products (Li2CO3 and LiOH) on GXY's behalf. Agreements for tolling are expected to be finalised in early 2018. While details around volumes and tolling costs have not been disclosed, we see this development as a major positive for GXY. Assuming GXY toll treat 15% of their planned concentrate production, we estimate that this would result in the production of 3.5-4.0ktpa of refined lithium compounds for sale, allowing GXY to capture improved margins on selling into strong China pricing. Assuming a tolling charge of US$3,750/t and an average price of US$18,500/t, we estimate that tolling would increase FY18 EBITDA by ~25% to A $155m."

Who knows maybe this 'missing production' everyone is speculating on is already on the way to being tolled... Maybe they are tolling more than 15% assumed above - maybe not - either way its a big positive for GXY in the future and is one of their value add components that its clear you guys do not understand.


Bout time you went back to whatever bridge you crawled out from..