General Comments & Banter, page-14601

Hey guys,

I haven't been as active on the forums as I was previously, also trying not to take too much notice of the day to day price movements. This is a long term hold as it's not healthy to get caught up in the short term picture. I have kept on top of reading most posts but would sort of like to brainstorm a bit and recuperate a mindset especially after the AGM and recent market events.

One particular announcement following the quarterly updates of lithium giants stood as a bit statement for the lithium trend we are seeing.
SQM or ALB stated that in the latest quarter they had been selling their BG lithium around 14,000 but that they expect this to go down to around 11,500 in the nearby future.
Benchmarks long term forecasts have said the price will stabilise and stay a consistent $13,500 USD per tonne while having a temporary spike to around $15,000 in about 3 years then stabilising at $13,500.

Does anyone want to discuss this announcement? Thats a big drop of around 20% I was hoping it wasn't going to drop too much lower... So that wasn't particularly nice to see.

Secondly, I would like to talk a bit about what Jerko said regarding stage 2 and 3 funding as well as partners. The summary you guys posted said that we had received a lot of offers but none of them suited our standard for minimal dilution or a long term beneficial focus for us.
Ok, fair enough especially considering the current lithium market conditions.
But what now? Yeah -- we are waiting for the permits to be approved for the heads up of 2000 tonnes per year.
But once that is done are we going to sit around waiting for a better deal? What is happening currently regarding discussions? What is the $10m being used for? Are we using that to build the plant for stage 2 (extra 1500 tonnes)
It is good to know we already have the ponds built for it (38 hectares)

Cheers guys, I would appreciate a good discussion also not too fussed about current share price, will continue accumulating. It will bounce back one day and we will all be loaded up. There is no way this boat is sinking to the bottom of the ocean, WORST case we cop a lot of dilution but Jerko has been adamant with refusing any deals with excessive dilution.

Over and out,
Jez