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22:06
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Originally posted by Puttinfordough:
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Hello 25c tomorrow. No wonder they held off for as long as possible before sending this. Thye waited for agreen day when hopefully outside Macros may hide some of the hideous details in this underwhelming report. As a result, prior sales guidance for the December Quarter 2019 has been revised to 35,000 to 70,000dmt of spodumene concentrate based on indicative customer demand." I am guessing they mean it was meant to read "revised to 35,000 from 70,000 DMT of spodumene", but they were too scared to say that. This is unsustainable, lucky for the CR.These initiatives should incrementally improve product recovery to help achieve design target recovery rates by June 2020. " Pretty much no discernible improvement towards nameplate yet and hoping they "may" achieve it arounf EOFY. That does not sound too confident to me.
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Originally posted by Puttinfordough:
↑
Hello 25c tomorrow. No wonder they held off for as long as possible before sending this. Thye waited for agreen day when hopefully outside Macros may hide some of the hideous details in this underwhelming report. As a result, prior sales guidance for the December Quarter 2019 has been revised to 35,000 to 70,000dmt of spodumene concentrate based on indicative customer demand." I am guessing they mean it was meant to read "revised to 35,000 from 70,000 DMT of spodumene", but they were too scared to say that. This is unsustainable, lucky for the CR.These initiatives should incrementally improve product recovery to help achieve design target recovery rates by June 2020. " Pretty much no discernible improvement towards nameplate yet and hoping they "may" achieve it arounf EOFY. That does not sound too confident to me.
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Well I don't like posts which aren't thought through. The previous estimate for Dec quarter sales was 65,000 to 80,000 dmt. That has now been changed to 35,000 to 70,000 dmt. I.e. they are updating a range. There is no need to guess and no typo.
(20min delay)