For those that have forgotten- 27 Feb. construction of the Finniss spodumene concentrator plant is complete, and production of first spodumene concentrate has commenced. The first concentrate shipment is on track for trucking to the Darwin Port , completed by end of April 2023. In 4 to 5 weeks.
GXY was badly shorted and majority retail shareholders, it's now AKE majority institutional shareholders.
CXO is majority retail shareholders, the institutions want your shares, hence the shorting.
AKE 23 qrt1 guidance carbonate $53000/t. spodumene $5300/t SC 5.3.
Each chemical producer/supplier must have a 12 months qualification period and have consistent volume.
The spot price is irrelevant, the volume is too small to go into the battery supply chain and does not meet the qualification period.
They are basically shorting in order to replace you as shareholders, they know you own a very valuable asset. They want you to feel poor and leave.
GFC was banks and mortgage lenders (theFredies) being broke, current banking issue are to do with bad management/ lending practices. No bank crisis.
Two world wars did not stop the Automobile revolution, the road and oil industry was built. Nothing can stop the battery revolution, especially when governments are behind it. Computers, internet and smart phones didn't end, they just keep growing. So too will energy storages.
Hydrogen and sodium battery is but a side show. DYOR nothing will come of them. Add more if you can, don't over extend, have enough cash to wait it out. Do what's best for you.
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