Finally got around to the GS research note tonight. Things to note.
The expect borrowings will range 4-6 billion by 2024/25... Gearing ratio of 50percent.
There Spod costs seem out of control. Up by 80 percent YOY.
Significant delays to all expansion projects Wodgina, Mt Marion and Onslow.
Expecting price adjustments for lithium due to recent price falls
All in All it was a pretty brutal read....
NWE Refugees, page-83
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