ROM, part of supply agreement....not addressed in announcement, many offttake agreements have clause about consistancy in supply, some miners that are haveing trouble will buy product from other suppliers to met those obligations. China is laughing or at least smirking at theri success to manipluate Lithium price and REE around the world...there are many articles around including Shorting of SP, of huge resourse in the US , that will find it difficult to do CRs at lowly SPs to get mines into production.
think i comment on Chinas approach years ago, being able to move lithium and other commodities pricing down while they control the market,
its their own cartel style, OIL does it, PLS trying to do it.
I would have thought todays ann would have included a look at our other assets!!!???? why do we sit on them with NO intent by our managemnt team,
why,
we should be looking to asset, JV, sell, explorer for minimal amounts.
REV holld will be good as we get some return from stockpile.
our MC will look great against cash at bank,
announcement contained no mention of CASH burn rates in care taker mode.
what SP in comming weeks? thinks ti will fall as many have thought and at what price does it look good to buy more? cash in bank,?! MC heaps lower, EPS, all will look very good at some stage
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