George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
The SP has been comfortably in this range since the start of December last year.
I completely missed that one. Thanks for pointing it out. Mention of AI usually puts rocket fuel under a company's sp but in this case I doubt we'll see the impact for a while as it takes a long time from IQE accouncing a new product to affecting the bottom line.
Pretty sure it's been stated in the past that 660,000 t Chrome is toll. The rest is not. 1.25M - 1.45M per annum equivalent in the last quarter at 12% overall margin agrees with that.
I think Bushy likes to confuse the problem of mixing feedstock that has been identified and is being fixed by the company with one of grades which is unfixable. Thereby to imply a doom and gloom scenario. There is no evidence of lower than published grades and all the various resources have been tested.
In the Roasts Leon mentions rough profit figures for various production levels and market prices. Maybe it's best to go from there. I don't have to go back through them and listen again but I recall that they correlate with production guidance being for cathode.
The last announcement stated the new module at Thutse will add 300,000 tonne per annum production capacity. I'm taking that to lift the total from 1.45m to 1.75m but totally agree about the SP. It must move to reflect this reality sooner or later.
The situation in the SA ports has definitely become frustrating. At least they've found a solution and put an 8 week time limit on it. Not affected production guidance which always looked deliberately conervative. PGMs and chrome should be quite easily beaten over the year.
I see this as very positive as well. Given the state the market and the world generally has been over the last 6 months I was getting worried we would see the 2nd half coming in under expectations. Also builds confidence in the new CEO's understanding of the market.
That's a lot of words to type to not answer the question. There is no grade problem in the feed stock to Roan as you know. It wasn't anticipated that mixing the different types of feed would be as challenging as it was. That is being resolved.