Good News & Bad News, page-2729

Yep ... that poster loves to slip in some information and then draw tangents which then spear off at right angles as though they are welded to the original information. Shame he didn’t also mention that the loss was significantly attributed to “a 294.5 million yuan loss in fair value, mostly related to the falling prices of equities held by Ganfeng, made a severe dent in the company’s bottom line.” So more related to equity value change. Read further and in fact production was up for the quarter.

Also worth noting that Genfeng “has interests in lithium mines in Australia, Argentina, Canada and Mexico, boasts around 70,000 tonnes of lithium carbonate equivalent of annual lithium processing capacity in China.” and yet if you wanted to believe the view of that poster he claims Genfeng’s results are all as a consequence of suggested issues with PLS —- ummm, nah ... weld bead drawn too far and seam just fractured there.