George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Why does it say 'News' rather than 'New'? Typo? 'News' doesn't make sense.
There is no comma between 'sales orders' and 'invoiced', so it is not describing different numbers in aggregate. Furthermore, in a previous IMC interview, Brian said they would only be disclosing invoiced sales in future updates.
Your own post even shows the discrepancy I am highlighting:
'News (sic) sales orders invoiced and delivered total 27,000 tonnes in H1 2023 versus budget of 60,000 tonnes.'
If they are invoiced and delivered in H1, they should be accounted for in the interim results. Invoice and delivery are literally the criteria for revenue recognition.
I hope you do, I just thought it was very poor that no reasons were given for things falling behind schedule. I hate it when RNS' leave more questions than answers. Betts is always the first on Vox when it's good news
do you go from having sold (invoiced & delivered) 27,000t in the h1 trading update to only having sold 7,280t in the h1 results? there is not even a half ****d explanation given. i'm beginning to agree with some others in that brian is bent. he needs to be disqualified as a director as he clearly isn't fit to run a corner shop let alone a publicly listed company
The asset value is attractive but the only thing that really matters over the next 12m is cash. If they have to raise it will likely be done at a 90% discount so might as well go to zero as far as existing holders are concerned. Times must really be tough for 'Greedy Brian' to be working pro bono.
Because my holding was across 6 accounts.
BE is when sales are equal to fixed costs + variable costs at the breakeven point. Of course variable costs continue to go up when output goes beyond breakeven, but it doesn't matter one bit! Have they not reduced the number of mine staff now processing demands are half what they were last year? The simple fact is he could have said he expects the company to breakeven or even turn a profit based on the 70kt forecast for this year. He didn't and that speaks volumes in my eyes.