Don't think many understand what's happened. ORE had a...

Don't think many understand what's happened.

ORE had a production guidance of 6kt of carbonate for the half to December. They have produced 5kt. So their supply have dropped, so much for the oversupply theory.
Of the 5kt they produced 2850t was technical grade. Since the battery sector don't buy technical grade,they sold it on the chinese spot market for $10k/t. For this reason their total average was $12k/t for the half to December. Meaning their battery grade carbonate was above $14k/t.
If you are going to be investors, start reading companies reports instead of HC posts for information.
As a result the lithium sector was sold off.
What investors have not taken into account is Bank of NY Mellon bought 5% on the 12.12.2018 and Australiansuper 5.7% on 20
20.2018. While people are selling their shares, the big fish are buying up.

For spodumene producers or hard rock miners, 5.8%-6.2% means the lithium content per tonne. The impurities inside the lithium determine the price premium more than the percentage of lithium/t. The difference between GXY and other hard rock producers is the battery makers have adjusted their chemical to GXY spec. For other spod producers its the other way around. Galaxy have received $980/t spod to make hydroxide.
If you still don't understand, its similar to e-petrol, premium petrol and diesel. They all have different prices. If you still don't understand lithium by now, you are in the wrong sector. Your shares will be bought cheap if you decide to sell.
Getting back to GXY. Its about time Tony got his act together and run a business where investors get updates to know what they are invested in. Being proud about past achievements only serve the ego. Retail investors reduced to 16% and shorting at 17% is not good for anyone. Investors should not be using google maps and search the grape vines, decipher interviews and search newspapers. Management teally need to get their PR together.
With a net market cap of $400mil and projected net production of $140mil, alot of people either can't add ir management don't communicate very well. Its probably both.