"
You seem to agree that some tech grade will be produced"
[Edit: Key points in
BLUE for those playing along at home and wanting a short version]
Like I said:
If, at the end of the day, some of the regular production ends up being slightly out of BG spec, or otherwise some tech grade material is purposefully produced due to customer requirements or improved economics......so what?
It makes little difference.
"
There are a cohort of long-term holders here who continue to beat the 100% battery grade drum"
Is there?
I don't recall many, if any, people here claiming that every kg of product will definitely be BG...? Happy to be reminded via quotes.
[Please chime in anyone else here who is 100% confident that ALL of our product will be BG spec]
The target afaik has always been to produce BG Li2CO3; it's reasonable imo to expect that this will be the vast majority of our output, unless the customer specifically wants a different spec. That's effectively what others have been saying, iirc. That's far from "misinformation" imo.Pointing to the very few other Li brine operators as some type of evidence that it is "impossible" (so to speak) to produce effectively only a BG product, is not reasonable imo, especially when they have customers that specifically want TG product, and it wasn't many years ago that TG demand was a very significant portion of total Li chemical demand.
I would not be surprised at all if the vast vast majority of our product is BG (i.e. much much more than say Allkem or others), particularly if we have say one offtake partner who requires a BG product. You sound like you would be surprised; that's fine btw. Only time will tell. So we'll wait and see.
"You'll have to refresh my memory about this "lack of transparency" stuff"
Use the search function.
The flavour of these comments/posts, imo, which has formed the undertone for many related posts imo, was effectively that the company has not been adequately informing the market of progress etc
e.g. they were withholding key info because supposedly there was a significant amount of "low-grade" product produced i.e. they were supposedly sugar-coating the outcomes from the plant commissioning. Imo this is nonsense.
Imo it is absolutely disingenuous to be criticising the company for not providing more details of the specific commissioning process and outputs - can you provide any examples of companies that have provided such information? Point me to one other company that has provided monthly updates on project construction and commissioning... That was my key point - nonsense criticism based on unrealistic expectations, imo. @Captain Kiethy summed it up well:
The plant is being commissioned. It has never operated before. Due to this commissioning, it has likely produced a large amount of technical grade. This would not look good in a company announcement. This is not relevant to the amount of technical grade that will be produced when the plant is commissioned and operating properly. Once the plant is operating continuously, I do indeed want to know the percentage of tech grade produced. More importantly, once nameplate has been reached. That is not now as now it is irrelevant. What you are saying is that you want the company to release production news which will look bad to most people (like you and potentially tier 1 battery producer execs) while they are still testing and refining the system for producing the product. That is dumb. Dumb, dumb, dumb, dumb, dumb.Actions speak loudly btw.
Imo, the apparent flipping of several hundred thousand shares not long after purchase tells me that you were looking for short-term profit on news, and your plan didn't go as planned. That speaks volumes imo, and one might argue that explains some of the (imo unreasonable) criticism and commentary on this forum, tainted by agenda and/or emotion. We've definitely seen it before from other posters. Just an observation after years of participation.
Imo someone who claims to be a genuine LT investor in a mining company doesn't flip a decent chunk of their investment so rapidly unless they are ST trading (TA or news) or there has been some significant fundamental change in the company's prospects. We know it wasn't the latter.
Nothing wrong with trading btw, but imo it often influences and explains the flavour of posts here. Just an observation, and imo.
Anyway, good luck.
Let's revisit the product spec when the plant is humming along.
(If you want to respond in the meantime, please address the key question in blue. Ta.)
IMO
DYOR
