RE: Did I mention Sojitz?25 Aug 2018 16:51
Tyfoon, I share your optimism when it comes to the future earnings and the significant step forward in profit in h1 compared to H1 17 L4L. The signs are there for all to see that we have a lot of potential. There is also potential for higher income in H2, if we have increased our forward order / wholesale prices in line with the price increases (as I believe there will be a lag in the sale price for forward orders).
But I disagree that we should consider the buy out of Sojitz as part of our BMN profits, until it’s signed and sealed.
Global demand for our product is significant, hence the $65.5 price, but we need to continue to deliver the production rates. Something I think the Q2 update suggests is not as certain to happen as we think/hope.
If we don’t have the product to sell, as we haven’t mined it, then we can’t bank the cash.
I could be completely wrong here, but I, like you and other LTH’s hope we are on for strong figures.