Talk about a storm in a teacup... we have cash for S1 and S2. Seems many have just lost a grip on what this whole lithium boom is all about - exponential demand growth and big auto and battery getting more and more desperate by the day to secure supply of battery materials... Nothing has changed there. So QQ has requested to terminate the off-take agreement.. big deal. Requested, not even done yet. Even if it does get canned, do you really honestly think that anyone who can produce in the next 5 years won't have a line up outside their door wanting offtake. Exponential growth. The desperation for offtake will only increase. Prices will only rise. That's how it works.
Do you really think that we'll be piling up lithium product over in SA and not be able to sell it...?! In the very worst case, when we get some of that S1 product bagged up in Q1 2018, that will be the trigger for some big shark to step in for S3-upsized offtake and funding for the plant etc. If not before. Big auto and battery cannot afford to wait. They are restructuring production lines and building gigafactories... can they afford to not have a locked in lithium supply??
Management will continue to work their magic, and the tidal shift to EVs and battery storage will do the rest. The only risk imo is if Pablo can't produce that white stuff. Many here don't even consider that as worthy of including on their "significant risks" list.
Everyone's worked up about a big sell-off tomorrow... doesn't really make sense. It won't materially affect our short-term progress and then we'll have the white stuff proven up to lock in a bigger and better deal - if it doesn't happen beforehand, which I suspect it might.
The level-headed ones (and me!) will be scooping up discounted shares if the easily-spooked trigger a snowball sell-off tomorrow. A knee-jerk reaction as a result of not properly considering or understanding the drivers and basis of this sector.. if anything, imo it will be a little blip of a top-up opportunity along the ascent that will continue for years to come.
What was that spot price again?
How much LCE is required for every 1million EVs or 1% EV penetration again? Oh yeah, about 50,ooo tonnes....
How many mines are we gonna need in the next 5-10-20 years to keep up..?
The doomsdayers should go and watch some Tony Seba and get a re-set on what it is that is about to ignite this boom that we are entering.
Looking forward to reflecting on this in 12 months.
My faith in management's "get-it-done" attitude and methodology remains. Thank you gents.
Cheers - and btw, remember, if no-one sells, the price doesn't drop! Simples.
No-one is getting my shares this side of the hockey stick coming out in full swing!!
AGY Price at posting:
25.5¢ Sentiment: Buy Disclosure: Held
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