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20.0¢ firefinch limited

I think you are right that there does seem to be a 'dislike' in...

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04/04/18

17:31

Post #: 32220895
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Originally posted by dunny29 ↑

Considering this 'company' has recently released an official announcement clearly showing opex costs that more than suggest FOB costs are sub $300, add on say $40/t, and at just over $300/t the customer has 6%+concentrate ready to process without the hassle and added capex of a carbonate plant for BGS to worry about initially. Considering the current price for 6% is around $1000 and probably not dropping below $600 for several years yet, it doesn't take anyone with more than basic arithmetic to work out that this thing is very profitable. They also gave an expected 6% tonnage production/year figure.

Compare this to the other project which that 'company' has not released any of these types of figures through official company announcements and has timelines that they are already well behind on. I can't really see how this is even a fair comparison. Unless we are expected to believe the numbers, costs and overly ambitious timelines from a guy on twitter who is heavily invested and remunerated to spruik it via a separate company he works for/they contracted. Not to mention the issues involved in logistics, getting a carbobate plant operational with the required inputs and the comparatively ridiculous capex estimates (that you have clearly pointed out above) that this person on twitter has claimed for a carbobate plant to be built.

To be brutally honest the price action for BGS of late has been abysmal, and understandably so with the lack of updates etc, not to mention the general lithium sentiment dropping significantly and the global financial uncertainty/volatility. I have recently met with and had an hour chat in person with one of the board members and I stressed this point. Updates and communication on progress needs to be improved on and I was told that this is something that will be improved upon and had already begun to be addressed.

So hopefully with management that are willing to listen to concerns of shareholders, management we can trust to get the best outcome for us, we will start to see a turnaround sooner rather than later. We know we have plenty happening and management have the perfect platform to deliver, especially over the next 2 months to prove to the market that BGS is more than a contender, that BGS is a serious player.

Once this chart starts heading up I'm confident it could get on a decent run. I have been somewhat critical of management in the past, but am confident that they are going about making sure every box is checked off to give us the best negotiating position going forward, instead of rushing into a deal. This is bloody frustrating short term, but in 6 months time I reckon it will be worth it.

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I think you are right that there does seem to be a 'dislike' in the market regarding Li outfits. Because of some other outfits casting doubt on future demand for Li - which is absolutely ludicrous IMO and I reckon that some of these 'downrampers' of Li are indeed buying into Li stocks.

However, IMO that is all on the 'retail' side - people buying into Li companies. The market for companies who actually purchase Li (such as battery companies) is IMO very strong and still realizing top dollars and will for some years.

BGS Price at posting: 42.0¢ Sentiment: Buy Disclosure: Held
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