AKE 0.00% $9.83 allkem limited

Niu....in spite of Thesi's unsubstantiated production costs of...

  1. 634 Posts.
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    Niu....in spite of Thesi's unsubstantiated production costs of $4500 per ton as opposed to $3500.....the costs that were cited in the earlier prospectus' was $2500 per ton....which myself and several other investors counted on as a constant in the production formula. So let's just say that the current production costs may not be that high...but are certainly higher than those which were stated. Granted Thesi may be annoyed by the constant rejiggering of production projections and a couple of financings that were thrown into the mix over the past year or so. It's not hard to understand how a 'supporter' which Thesi was for quite some time in the Orocobre story, changed their attitude and became more critical of the management and operation of the Argentine lithium facility. However....she has been disillusioned....as have many others at the continuing movement of the goalposts in Orocobre's continuing quest for profitability. The truth of the matter as has been put forth here before....is the partnerships and agreements between Orocobre, Tsusho, Singapore Corporation. JEMSE, Jujuy Sales, Investment Partners. There are a lot of moving parts financially in this operation and none of them are really clear to the shareholders. This may be the complaint that Thesi is lodging. The more complex and complete the companies reports become, the harder it is to keep track of where the money is going after you figure in investment losses, depreciation, outside regulatory issues in the different countries and the web of reporting and obfuscation that seems to be taking place in the eyes of the casual investor. Let's be honest here...as financing proceeded, and shares were issued, and different interests were addressed (let's not forget one of the captains of the good ship 'Orocobre' the first mate Canaccord Genuity) who has helped drain profits through their exemplary double talk financing. So Niu...let's give all the players credit for their ingenuity to organize a Argentine mining company where the rules and regulations allow for South American style financial bookkeeping.....
 
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