GS can put out any lying report they want but it has no effect whatsoever on the prices PLS offtakers are prepared to pay.
This announcement was price sensitive and was published on 21 Dec 2022, so I have no idea what GS is on about......
"Pilbara Minerals has achieved a significant improvement in pricing outcomes with its major
offtake customers, following completion of the price reviews foreshadowed in the
Company’s September 2022 Quarterly Activities Report. The revised offtake pricing applies
for all shipments to the Company’s major offtake customers falling within December 2022
and onwards.
Based on today’s market pricing reference data, average pricing across major offtake
customers would equate to approximately US$6,300/DMT (CIF China) on an SC6.0
equivalent basis."
We can expect to receive similar amounts per tonne on completion of attaining plant nameplate.
GS are known to be compulsive liars and anyone who believes anything they say are delusional fools.
GS have sacked 3500 of their staff because their business model is collapsing.
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