The link to this was posted in the STT thread. Credit to...

The link to this was posted in the STT thread. Credit to @binwood for the posting:

Think it was posted hear yesterday because MC commented on it but here you go

http://www.copyright link/business/...ak-as-australian-exports-soar-20180115-h0ihps

The funny thing was that in MC's interview with Sky News yesterday his response to being asked about the roskill info was "they have been saying that for the last 5 years"

For those that have been holding lithium stocks for a while we have all been through this before. Macquarie over the last couple years have been notorious for calling oversupply and falling prices. Been dead wrong everytime.

UBS had DSO-gate last year saying MIN DSO was going to crush the market and they are still calling halving of prices by 2021 based on the above article

And now Roskill jumping in.

These guys simply don't understand disruption. Supposedly there is unconverted spod in China but think about these few points just as an example.

1. Why would Toyota pump A$360m into ORE to fund expansion (given ORE have had trouble getting to nameplate and battery grade) and probably won't produce expanded supply to 2020/21 if feedstock was easy to find?
2. Why is CATL still not have any contracted supply for someone who wants to be top 5 in the battery market?
3. Why are companies signing MOU's with the likes of ASN and others who while prospective haven't even confirmed a resource yet?
4. What are possible reasons to have unconverted supply? No conversion capacity yet, i.e they bought too much. If they bought too much, they either did it on purpose or by accident. If on purpose, that signals expectation of rising prices not falling. You don't buy something you expect to be cheaper tomorrow. If by accident wouldn't you on sell it at spot prices (which would be higher than contract prices) to those with no supply of feedstock? Stockpiling is strategic, not a sign of impending doom.

These guys like to think they are in the know but in my opinion anecdotal evidence doesn't align to their views at all.