Ann: Trading Halt, page-318

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siddley

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30/08/19

16:15

Post #: 40248298
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Originally posted by siddley ↑

I am looking at the long game here. Better to switch off the HC and chill, do some gardening or better still go for a swim. Everyone here has their opinion but with not much research to back it up. Here is a snippet of what the real pros in the lithium space are saying. Oh and before I forget why are car manufactures spending billions of $$ on ramping up production of EVs. This is not going to stop. Most of what I read here is noise.

The introduction of new supply has seen a gradual correction in the lithium market over
the past 18 months, but despite the majority of new chemical projects being slow to
deliver, share prices and investor sentiment remain tied to short-term price trends rather
than underlying market fundamentals.
With capital markets failing to confront the growing prospect of major supply deficits
as the electric vehicle (EV) revolution gathers pace, Benchmark Minerals addresses a
deceptive narrative that has engulfed the market and asks how the industry can create
a more reflective price mechanism
The unsustainability of lithium’s record high price spike was exposed in early-2018 as
the industry began to feel the effects of the race to new production which had occurred
in Australia’s spodumene sector.
By mid-2018, with four new hard rock operations set for production, spodumene had
overtaken brine as the leading source of chemical feedstock production. The number of
active mines had climbed from 1 in 2016 to 9 by the end of 2018.
The false narrative which emerged from these expansions and spilled over into 2019
was that the industry was awash with battery-grade lithium chemicals, sufficient to
support rapid electrification over coming years.
While the supply response has addressed the relatively minor growth of today, it is still
far from meeting the needs of tomorrow’s EV expansions.
A correction in pricing – although it should be mentioned that lithium chemical prices
finished H1 2019 at 50% higher than at the end of 2015, on average – has unsurprisingly
seen leading producers report weaker financials than when the market was at its peak.
More worryingly, however, this has caused investor sentiment to turn, sending share
prices into a nosedive for many and creating a growing shortfall of capital to fund the
next generation of lithium expansions.
Spectators that flocked to the market in 2016 on the promise of an EV super-cycle have
left before the warm up, let alone the main event.
While a downturn in prices has reflected a necessary correction towards near-term
market fundamentals, it fails to represent the increasing possibility of another major
deficit in the market by the early-2020s, creating a deceptive narrative in both share
prices and surrounding markets.
I could keep going but I am sure a few here already know this.
Dont be fooled by these low life roaches.

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Oh forgot to mention, if you want to ask Ken any questions he will be in Sydney,Perth and Melbourne . Just copy and paste the link below for details of when and where.
https://www.benchmarkminerals.com/events/world-tour-2019/

PLS Price at posting: 35.0¢ Sentiment: Buy Disclosure: Held
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Ann: Trading Halt, page-318

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Ann: Trading Halt, page-318

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