Ann: Quarterly Report - March 2018, page-101

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23/04/18

12:32

Post #: 32627059
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Originally posted by TrendTracker ↑

"They are giving us more than enough information to form a view about the value of our investment in the company."

How on earth can we value our investment when we aren't told what the selling price is?

Production costs have soared and this quote sounds dubious:

"This increase in unit cost over the previous quarter was primarily due to increased costs from increased mining volumes and higher volumes of ore processed, coupled with the forecast average feed grade."

Increased production normally results in production costs going up but average costs per tonne produced going down. It seems like the lower grade had a very detrimental effect. The reason for the lower grade mined was not mentioned.

They removed the informative table from the previous quarterly as well. Why was this done?

Unfortunately other lithium companies are trying their best to sprint to production and SDV is literally moving at a snails pace.

I hope that investors dig deeper for some of the answers here.

Expand

Grade exceeded agreement requirements.

2018 pricing is at an "industry record".

Do some calculations, cash on hand has increased significantly over the $59mil at the end of last quarter.

Anyway, I'm happy to take a few more cheap shares today, lol.

Have you heard the story about the Turtle and the Hare?

GXY Price at posting: $2.83 Sentiment: Buy Disclosure: Held
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