Just for shits and giggles, why not spell out what the next quarterly will show that will be so bad?
I have these:1. $280 million USD of Posco money will show up this quarter.
2. New recovery levels will be showing from this quarter (70%+)
3. All Spod produced this quarter have been mined from across Floater Road where the quality is significantly higher than the previous pit you keep blabbering on about.
4. Production has just been confirmed by GXY management to be 45,000 T which is a great! And every bit of it is ALREADY ALLOCATED to our 5 year supply contracts, so although we didnt ship 45k this quarter (and really who cares, aligning to a quarter doesnt mean sheet unless you have cash flow problems - FYI Galaxy doesn't) we have the Spod ready to sell.
5. We are moving towards the 6 month "special renegotiation" period for our Spod pricing, setup intentionally by Anthony Tse in anticipation that the Lithium price achievable at renegotiation will again be on the increase.
PLUS
We will also quite possibly be able to negotiate HIGHER prices due to an even HIGHER QUALITY spod after the Floater Road Ore and recovery rates are factored in.
As Anthony Tse has pointed out to our poorly researched Morgan Stanley associate - "We attract a premium price for our spod because it is better quality."
So how much higher quality can we expect coming through now?
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Production Levels on target
Sales of all Spod produced is covered in our supply contracts
Lower Cost for production
Huge Cash Injection
Higher Ore Quality
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Yeah... This quarter sounds like a real shocker....
Dead Set.
or other secret sauce. There are a lot of news worthy items we should here about this year, maybe not on this report but certainly before 2019 shuts its eyes.
