Ann: POSCO Final Settlement Funds Received, page-100

First 100 Last

Share
Profile

Follow
Rosayrov

1,221 Posts.

78

02/03/19

18:45

Post #: 37631844
Share

Originally posted by Thomo: ↑

Regal, like many posters you still seem to be in denial about the fall in Lithium prices. You say the price fall for carbonate "in China is for technical and not battery grade.' . If you look at any of the info from industry experts such as Benchmark, Roskill, Fastmarkets etc you will see that all (non contract) Lithium prices have fallen. A graph from Benchmark to Nov 2018 is shown below. And you're going to be very disappointed if you think this will not flow thru to spodumene prices. GXY sold at above US$900 throughout 2018 but have themselves warned of "notably lower prices 2019.' (Source: GXY's last quarterly conference call.) PLS sold for US$740 last quarter and many are expecting SC6 prices in the US$600's this year. (one source: last Joe Lowry/Chris Berry podcast).
A couple of other things. I'm not sure why you think GXY customers only make hydroxide, not carbonate. Can you tell me where this comes from? And you say that "GXY's recovery is the highest and purest out of the OZ miners". WTF. We produced 5.76% spodumene last year with recoveries of around 50%. Hence the need for the Yield Optimization Project, the results of which are not yet known.
I hold GXY and am bullish on Li prices for the long term so I'm all for talking things up. But with facts please, not BS.

Expand

I recon the reson why GXY stock pile spod is due to the lower lithium prices now. GXy hope prices will rise next 3 to 4 months time. Since we have the cash from Posco GXy can afford to do it. Then sell all the stock piles spod at a higher price in the second half the year.

GXY Price at posting: $2.17 Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Trump is President Again: What Does This Mean for Crypto?

ACW

Actinogen receives $9M R&D tax rebate to fund Alzheimer's trial

NHF

Burgeoning NZ insurance claims drive 1H25 operating loss for nib