A40 (ASX) Shipment information

Originally posted by kropka: ↑

Hopefully they will ship some spot either end of this month or early August.

However, amount of shipping done done by GXY or others does interest me as each company have different deals, clients etc.

After reading @luanboo notes from EGM and A40 update, I am a little more relax for outlook for the next 6 months and beyond.

One thing can't be denied, is that A40 does have good offtake partners who are bending backwards to help us stay solvent.

We did get interest free loan to start producing, repayment deferred until 2021, $10 M contribution to CR (which is better than going to sophs) and now they looking to pay us some amount of money for spot send towards JV.

We know that that amount most likely will be taken away from hydroxide sales but it does help us during those hard lithium times.

If we look at others, no one could get such a deal.
Reducing price from $880 is IMO just understanding each other situation and now confirmed by other miners who face similar offtake problems.

With figures provided in the update, our sales are on line with agreed amount for 2019 and with current carbonate and hydroxide prices is hard to demand more.

One thing that urgently need to be improved is PR communication.
Some companies are reporting even small changes, but IMO ( for some reasons) we are not getting it too often.

Luck of news could be a major factor for SP decline as no one like uncertainty or would invest on HC speculation or wild guessing in sector which is classified as going backwards.

JV confirmation would be great, but signing second offtake is the key to convince investors that drilling and fines are not just an upgrade but the most essential step to meet our obligation towards clients for years to come.

And let's hope that changes to name is not going bring some nasty surprises as we experienced with our holding in COW.

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'One thing that urgently need to be improved is PR communication. Some companies are reporting even small changes, but IMO ( for some reasons) we are not getting it too often.'

MC should take a leaf out of LPD's book. They have very good communication with shareholders, even communicating negative events.

At least MC and team have acknowledged that communication will be improved with mid quarterly updates. Let's hope they deliver on this front as their silence can be misconstrued.