I don't think anyone is disputing that the lithium price is underpinning the lack of performance in the sector whisky.
That is a given and a fact we, and all entities in the sector have to negotiate and deal with on a daily basis.
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But it is how you deal with these headwinds that separate a world class board, from others in the space who are just trying.
And i have no doubt they are trying as best as they can manage within their capacity.
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But is it enough?
The true test for any human and by extension any board is how they deal with adversity.
Anyone can be a fair weather leader.
The lithium price may be down, but there are still aspects that we can affect and improve on.
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We continue to see high opex, and we continue to see a diminishing realised price.
These facts are indisputable.
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We all acknowledge that Sylvain and co are doing a stellar job at NAL and improving production, Opex, recoveries and mill thruput.
Something we are doing very well, although not seeing the full benefit of yet.
I have met the guy and he is a truely impressive operator and human being.
But our realised price is an industry joke, making even the PLL offtake look attractive.
PLS get US$840 with a lower grade....and we get US$604......wow....
The use of Glencore, in my opinion , as our trader is as big a mistake, and I am very happy for you to debate this point.
Why can no one still answer why we are yet to have an offtake is baffling??
They have never been able to give us a definitive answer and the same played out in the office the other week when Glencore was disclosed.
I did not even get a story of connections and qualifying product to explain no offtakes, as JB did at the last AGM, which has proven to be a tale of what could have been, and more BS, a total bust
There's nothing......just PLL and Glencore........
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Yet even in this market PLS and MINRES are seeing increases in realised price, but of course we saw another drop off 11% qoq....and it will be worse next quarter.
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MINRES saw an INCREASE of 15% and PLS an increase of 4% qoq.
PLS
This is the value of an offtake for both sides, in tough or prosperous markets......it goes both ways.
As I said, no one is disputing this is a tough market, but it is not the only metric we are measured by.
The lack of any traction for the JV shipments has not only myself, but the market pondering why not???
When other BOD's lock in favourable terms, our spod, seems out of favour.
The market wants to know, is it the resource, or is it the BOD?
Well we know the resource and our product is at industry standard, so what is left?
And you refusal to accept any attributable liability to the bod, discloses your view, as non objective, unbalanced and as a Permanent bull, continually pushing the narrative as bad as any upramper I have ever seen.
It's just as bad as the downrampers, in its unbalanced nature.
Its just the lithium price....have you seen the lithium price??? No, its not JUST that...you cannot blame all our woes on that alone.
We have dropped further as a percentage, than other producers...
I would be the first to thank and congratulate the BOD if they signed a decent offtake, if they could get this done, I would be ecstatic.
We have promise and we have massive potential, but until we have management capable of navigating these turbulent waters, then we are sunk.
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I go to the meetings, I speak to board members, I have visited the mine in Quebec....if I am in Brisbane, I make the effort to visit the office and engage with them, to debate my concerns and make some sense of what is going on.
What have you ever done other than prop up the company, justify their actions, cast aspersions to investors with a critical viewpoint and bring an unbalanced view that does not seek truth, but seeks to proliferate the the narrative that these guys can do no wrong.
I eagerly await your reply, your name calling and your thinly veiled attempts to assassinate my character, when all i try to do, is bring as much information to my fellow investors as possible....its your go to play.
The only play you have, just like our BOD...they only have 1 play....the Altura play...how did that work out?
And I am sure Rupfel will do her best to join in the chorus.
Good luck everyone....
(20min delay)