Ann: Quarterly Cashflow Report, page-84

First 84 Last

Share
Profile

Follow
Just_a_guy

5,420 Posts.

298

25/07/18

10:57

Post #: 34551852
Share

Originally posted by El Jefe ↑

Your underestimating the commissioning and ramp up process.
The company won’t go from first production to full nameplate at the turn of a switch.
It takes time to ramp up.

Please keep in mind the announcement may say first production.
What does this mean.....This is deceiving because depending on the company it doesn’t mean they are producing product to spec.

First product as we have seen from PLS can be annocuned by only putting ore through a section of the plant. So we can have first production this week or next week. That isn’t a boat ready product, we will then have future annocunements saying x and then x and then they will release one saying they have first product through the whole plant and we have achieved a spodumene concentrate of x%. If you don’t see them promoting the grade of spodumene at or close to 6% then take it for granted they haven’t produced to spec, 6% spodumene.

So this will all take time. There will not be two shipments of 6% spodumene this quarter there will at best be one and it will be small best case scenario 5000t imo.

This will not Be anywhere close to sufficient for the company to have flexibility to address the never ending issues the project seems to be encountering and the costs associated with ramp up and also the debt repayments that need to be paid. It’s fairly basic maths that can be concluded based on a peer comparison.

Expand

Thanks.
Clearly if there are significant problems then they’ll raise but as announced in mid June they were expecting to load a boat by mid August, then we could easily see a second in sept. I’m certainly expecting some updates in the next couple of weeks though

AJM Price at posting: 32.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

IVR

Investigator Resources hits 8m @ 1.06% copper on-site Stuart Shelf JV project acreage

AI stocks: What to expect in 2024-25

BYH

Bryah gains $408K government rebate for work on copper target Narracoota

Talking the US election, the spectre of Trump and what's hot on the ASX200: Wealth Within

WC8

Leia pegmatite pulls up recoveries of 84% lithium for Wildcat in WA

There are more pages in this discussion • 17 more messages in this thread...

First 84 Last

Add 1MC (ASX) to my watchlist

(20min delay)
Last 4.9¢		Change 0.004(8.89%)		Mkt cap ! $12.11M

Open	High	Low	Value	Volume
4.8¢	4.9¢	4.4¢	$7.714K	158.8K

Buyers (Bids)

No.	Vol.	Price($)
1	8227	4.8¢

Sellers (Offers)

Price($)	Vol.	No.
4.9¢	2606	1

View Market Depth

No.	Vol.	Price($)
1	8227	0.048
4	419129	0.044
1	10000	0.043
1	50000	0.042
6	241083	0.040

Price($)	Vol.	No.
0.049	2606	1
0.050	106779	6
0.055	33390	3
0.056	15000	1
0.060	178720	3

Last trade - 15.55pm 16/07/2024 (20 minute delay)

1MC (ASX) Chart

Ann: Quarterly Cashflow Report, page-84

Investigator Resources hits 8m @ 1.06% copper on-site Stuart Shelf JV project acreage

AI stocks: What to expect in 2024-25

Bryah gains $408K government rebate for work on copper target Narracoota

Talking the US election, the spectre of Trump and what's hot on the ASX200: Wealth Within

Leia pegmatite pulls up recoveries of 84% lithium for Wildcat in WA

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Quarterly Cashflow Report, page-84

Top Stories

Investigator Resources hits 8m @ 1.06% copper on-site Stuart Shelf JV project acreage

AI stocks: What to expect in 2024-25

Bryah gains $408K government rebate for work on copper target Narracoota

Talking the US election, the spectre of Trump and what's hot on the ASX200: Wealth Within

Leia pegmatite pulls up recoveries of 84% lithium for Wildcat in WA

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News