Ann: Quarterly Report - December 2018, page-29

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Jehosephat

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24/01/19

09:11

Post #: 37207328
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Originally posted by yanlin: ↑

Looks like a caning come this morning. There will be some that will view this result with utter contempt:
* poor margin
* poor production
* no cash generation
* no progress on SDV
* lower spod pricing
* softer outlook
etc etc

Then, others that view the world a little more positively will say:
* despite tough market conditions, production was profitable
* production for CY2019 guidance significantly higher (up to 210k t)
* nearing decision on SDV partner
* resource upgraded at Mt Cattlin by 42%
* no debt
* US$41m cash in the bank
* circa US$272m cash to be banked + accrued interest in February
* yield optimisation program completed and the benefits start this quarter
etc etc

Essentially, it will be those with the deeper pockets and the greater will power that will drive the share price this morning. Given we are 17%+ short sold, I think the more negative view will prevail this morning as they have more invested and more to lose.

It's gonna be a tough few days for the longs!!!

Expand

@yanlin, speaking as a long-termer, this report is par for the course. It's what miners go through. BHP had a train fall off the track. So what? As a long-term play, BHP powers on. So does GXY. My eyes are fixed five years hence and this company remains the best Li play IMHO.

GXY Price at posting: $2.24 Sentiment: Buy Disclosure: Held
28 Upvote

1 Great analysis

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