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29 Posts.

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05/04/19

21:01

Post #: 38020554
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Originally posted by Wilma85: ↑

Since when does one have to share their own achievements in order to justify their right to criticise the BOD or, conversely, praise them? IMO that is the right of shareholder, you can choose not to accept their views, but that is still their right.

Shareholders of public companies are not privy to every detail and piece of information, therefore we have to make some assumptions and fill-in some of the blanks, it's frustrating at times but that's just the way it is.

Credit to Burwill, I think they outplayed our management with the renegotiated offtake terms. In fact, I think Chinese converters generally have done an outstanding job in squeezing lithium producers on price. Let's hope the floor price on our next offtake is higher than US$680/t, as I don't believe we can be profitable at that price.

Anyway, hopefully we get a positive announcement soon, they seem to be few and far between these days.

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Hi Wilma
Burwill are an interesting group and their key employees are very switched on. I have a lot of respect for them and their abilities to negotiate as they know the outcome before they start.

At the end of it, its Business 101 and managing risks. I hope the next offtake is favorable, but it worries me that we are negotiating on the back foot now.

Cheers

A40 Price at posting: 18.0¢ Sentiment: Hold Disclosure: Held
3 Upvote

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