The conference call explained the cash position very well. The...

The conference call explained the cash position very well. The company had 280m -55m tax. There was operating cost and investment in LPD and A40.
The operating cost was 22m, 3m was SDV.
22-3 =19m this amount produced 56400t of concentrate, around 340/t of sc6.
The cash remaining is 176.5m plus investment (A40+LPD) = 203m total. Maybe 200m today, with both A40 and LPD down.
There's around 70kt of stockpile. 45kt has been booked for delivery. A total of 70kt or more is expected to be shipped q3. The remaining is contracted for q4. Q3 will see cash back onto the balance sheet from the stock pile already produced. The contract price was set for H2 in June with customers. The cost /t is expected to fall futher in H2, as well as results for SDV to calculate cost and time table to develop. Simon will go to Argentina to work this out next week.

There was a policy change in China from level 5 to level 6 emissions standard in June. The auto dealers with level 5 sold off their inventory at a discount before level 6 comes in. Its a clearance sale of level 5 mandated by the government. They want 6 and EVs only. Chinese level 6 are mostly imported. Overall ICE sales are down but EVs are up. The other thing is many EV makers produced vehicles for city driving only, around 200-250km. The incentives for these are now zero. The Chinese government want vehicles with longer range. Higher range get more subsidies. The subsidies is less than half the number plate cost.it means very little. The subsidy is similar to stamp duty. It will not stop people from buying.
The shorting is now near 15%. The cash and liquidity is half the MC. The company production is 220- 240kt /year. A margin of 300/t if contract price is 650. That 60m net/year. Our peers can't survive below this price. Yet our peers MC are valued higher.
SDV may not need 470m to develop if alternative methods produce results. The cost will be cheaper than ponds. And results in less time.
Don't know why so many like to create FUD to intimidate others. GXY is providing jobs. Don't know why poeple want to put it down.