These are just words into the
www.sphere and not blowing smoke for any ego.
Mcbank and MS have a liking to MIN. The truth from min's result was their earnings came from selling DSO (dirt). A fall of 97% in earnings dropped when DSO stopped. The business did next to nothing yet these two banks think its great. All spodumene numbers analysts use from MIN are actually NMT, which they only have 43% ownership and 43% is Gangfeng. They have a spod price of $780/t for 2019. According to these two banks everyone will get $600/t. Bias?
Pls stage1 is all for two chinese customers. Gangfeng/great wall (Chinese) hold ~15% and Posco ~5%. Leaving 80%. Production will not close debt for at least the next 2 years and more debt when stage2 start. Guess which banks favour this.
Ajm have no chinese ownership. Producing as much as pls. Guess which banks downgraded this one. Daily shorted.
A40 50% Singaporean owned. No comments from the banks. Daily shorted.
Gxy, $200mil in the bank. Resources upgraded. SDV projected $250mil net profit JB projected 300kt spod production.The highest shorted. No chinse ownership and company is working with korea
A good management look after all shareholders. AT need to to give clear direction as to where the company is going, progress of developments, so new investors have confidence in the company.
" kind of", " we like to " is not clear direction. " there's a chinese wall". Knock down the wall.
Retailers are being pushed and there's no response from the company. Time to act. Doing conference speaking is all good but the company is not an agent, its a producer. The poor company's PR is destroying investors value.
Tony, sometimes its not about what we are doing to improve the business but what we are not doing that is holding the company back. Yes, the company have added business value but not investors value. This is a problem that need to be addressed.
