For people that did not attend the AGM, there is a recording...

For people that did not attend the AGM, there is a recording made by generous Thesi. It's 1:41:11 of recording.
For those that listened, you might like to hear it again. There was nothing about shipping. Many questions and laughing.
From 'good afternoon" to 'refreshments", it was about 2018 compared to 2017 and growth of demand in china.
-The Posco transaction of tenements was sold for 280m. The company want recognition for this.
-SDV had offers that didn't reflect the value. An offer was made for a majority stake which the company didn't accept.
-Unlike other companies, they don't need to sign to keep the lights on.
-the company believe the asset value will be reflected in the SP. Unfortunately this is currently not the case.
-Small to medium converters don't have access to cash. The operations have stopped in fear of making a loss.
There is 8 spod to one LCE. If we take 600×8= 5400 then add 4500 to 5000 cost, its 9500 to 10000/t to produce LCE. At current prices, there's very little profit margin. Below 600/t the miners will shut, no new supply will enter.
- ALB and SQM are not able to produce the amount they said( maybe less). The oversupply story was based on all these converters and Chile production at max, which have not eventuate.
-The brine operations in china cost too high to convert to battery grade LCE.
- 70% of china use is imported. LCE from china is exported because prices are higher outside. Small to medium companies need US $.
- 100kt LCE is based on MtC, JB and SDV producing in 2025.

In the past customers have been able to convert 15kt of spod every 3 weeks =260kt/year. Shipments currently stand at 45kt for H1. At a rate of 21900t april output x9 =197kt for H2 at this rate. The customers have processed 260÷2=130kt in 6 months. They would need to increase production of 50% to use use up MtC production. Can they with the upgrades??? the management may have stuffed the calculations up. The YOP has become very efficient while the upgraded converters are slow to come on line. May want to take your rose glasses off and look at the numbers. The peers have advanced with very high debt. Galaxy have advanced slower with no debt. The cash is high but very little use at present. AT is a planner,  wait and see approach method cannot work going forward . A very proactive and hands on is needed right now. Martin has brought in Simon. Galaxy is in construction phase now, the production and sales is very competitive right now. The demand is huge but there's no funfs to meet the demand.  Company's response is very much needed now.
Don't be surprise if the autos go the mines instead of converters, they are facing extinction. If the don't adapt, china EVs will dominate world market and not just internally.  That is their aim Canada, US and Australia is making a pact for resources. There's been a mistake for autos to rely on china for batteries. Why would china sell batteries to the world if they can produce EVs to export? VW is waking up to this. Tesla will need to secure mine supply, as well as toyota and others.
As for spod pricing,Galaxy does not release until end of year. There is a reason for this. Anyone that thnk they know is blowing smoke.