Not looking good for lithium stocks, page-29

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ljcamp

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03/11/19

11:40

Post #: 41222409
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Originally posted by Sjlasx: ↑

When did GXY state they refuse to send concentrate suitable for battery conversion or that they would be restricting shipments?
GXY is ensuring they still have enough product to satisfy all commitments and have actually increased the quality of the product this year.
They upgraded the plant to be able to better screen in order to process stockpiled ore that was higher in basalt. That's not the same as reprocessing tailings.
As far as I'm aware GXY will continue to produce and sell an on spec SC6.0 product with low impurity levels.
GXY is doing its best to support its customers - all of which are smaller independent converters that would no doubt be under enormous financial pressure themselves.
I believe GXY will continue to ship its high standard of product and work with customers on pricing to ensure their survival. Doing anything else would be counter productive.
You ask where A40's offtake's concentrate is coming from? I would hazard to guess they themselves are barely operational and not processing spodumene concentrate due to financial pressures. I assume they are continuing to process locally sourced lepidolite at their Yichin Yinli facility.

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so you think they are content with shipping the best quality product they can dig up at almost no margin?

sure, I agree, they will continue to meet min spec, but the customers have become accustomed to material that is top shelf. It’s time to start paying.

GXY Price at posting: 97.5¢ Sentiment: Buy Disclosure: Held
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Not looking good for lithium stocks, page-29

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