I believe one spod shipment in Sept qtr was A40's and that's why...

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NewLogic

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03/11/19

13:56

Post #: 41223404
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Originally posted by ljcamp: ↑

galaxy is cash flow positive in the low us$500 pt. The fact they refuse to send material that is able to be turned into battery grade chemicals, is sending a clear message to the supply chain. Enough is enough. You want to pay low prices that’s fine, but all you are going to get now is refined tailings. No more of this low impurity good stuff.

this is happening sector wide, even the brine companies. I guess this is why JL keeps harping on about a shortage of battery grade material. Only thing he has gotten right mind you.

so back to your point about this 2 year down trend having another 12 months left. Well I’d like to know your “unbiased non holder” thoughts on why the sector will look like if this situation was to play out? How many producers will be left?

You see the issue is that demand continues to increase and EV revolution is not going away despite the efforts of big oil.

if no producers left, where is the supply going to come from? It’s very basic economics.

When did Jiangte last get a shipment? Early July?
they must be hurting.... the game of chess is about to be completed. The industry has spoken.

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I believe one spod shipment in Sept qtr was A40's and that's why some posters calculations were off regarding Galaxy meeting guidance. This is just from memory though.

GXY Price at posting: 97.5¢ Sentiment: None Disclosure: Held
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