Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Confident?
Hunched over. Lots of “you knows” (er, I don’t know, that’s why you are CEO and being asked the questions).
Why didn’t the interviewer ask about the continued DFS delay? Ask him if it is on track for this quarter - and when exactly? But anyway, we need not worry, DFS (or lack of) isn’t on the critical path.
Offtakes… with German companies - how titillating.
Just wondering, if he did have anything important to say, would it be in a yootoob video?
How about an official update telling us the DFS is on track?
With thanks for Pokerchips on LGEN chat, FT article:
" UK pension trustees raise alarm on transferring risks offshore"
Trustees are worried about growing involvement of overseas reinsurance firms in corporate pension deals
https://www.ft.com/content/955b3edb-3636-44bd-a2d8-9edb82af9b74
the article if you have access
https://archive.is/de8JK
if you dont
Yes, EV demand is set to grow (the rate of growth being less but only because initial demand - by those that have the finances for ‘evpensive’ cars - has peaked.
Now it’s over to the average car owner/buyer - I think we have to wait for interest rates to drop and folk (in the UK at least) feeling like they have some spare cash to splash and confidence the cost of living is levelling out.
US will lead there I am sure (assuming Biden and his Billions remain?)
So the Li price surge… is that 2024 or 2025 or later?
Goldman predict a surplus this year. Sure they are in it for themselves - but they were correct in their prediction for last year. Just as ALL production gears up would be nice!
I bleedin’ well hope lower prices cures lower prices - as we are all aware it’s a waiting game… ALL looks excellent on paper - just need NH to deliver, Assore to be rebuffed, Ghanaian opposition to be convinced. ALL good! Imho
BoA doesn’t seem to think Li price will be rising (behind paywall):
https://www.afr.com/markets/commodities/bank-of-america-slashes-lithium-price-forecasts-for-2024-2025-20240201-p5f1i8?utm_medium=social&utm_campaign=nc&utm_source=Facebook&fbclid=IwAR3zsgY9msFImvlxSh27IlcZ1N4FQXIXAhd-jMiFNMuyUP1vhnIII6Zn6N0_aem_AQny5zfSzLDzcRHX91v3_0EFogRbH2yPgKqzFtdnsB5LXW80xS9jDg6Tt3x81DYzxnOwWKtfrdaPF41wwKi-JOBM#Echobox=1706723956
I would have thought they could be more specific on when the DFS would be available: they’ve now had just over a month since the announcement of postponement to this quarter.
(Re-?)stating that its delay doesn’t have an impact overall indicates to me a relaxed attitude, and so it appearing in Q1 isn’t likely either. IMO.
ColinH, what’s wrong with a little balance of views? ;)
I for one like to have any “irrational exuberance” kept in check. This is an internet bb and everyone can express an opinion, ideally backed by some rationale.
On the matter of KC - he does seem to have a habit of talking bs.
In the current climate (Li over supply predicted again, and higher, this year), I'm not optimistic of the sp jumping on the news. So perhaps it will fall before the mythical DFS miraculously appears at the end of this quarter - and then rises from there?
But Owl, based on past performance (which is no guide to the future), the promise of a DFS has been broken many times before by EMH. Based on that, I would suggest expectations be set accordingly.
Nothing has been communicated that would provide any more (or less) confidence in it appearing in Q1.
I’d also like to think management would give an update on DFS progress so there are no last minute surprises this time (but I who am I kidding?!).
FWIW (and they were right about last year) Goldman Sachs’ view is a greater lithium surplus this year - and Li prices to drop to £11k/t. Another 10% drop to go?
Hopefully not! Perhaps ALL price is, dare I say, stuck between a rock and a hard place (sorry).
50p+ would be nice to cover all my other Li (paper) losses!
UK’s troubles can’t get any worse…
13 years and we haven’t improved.
Not saying Labour will make much of a difference but if you can’t tell the country wants change then you are sitting pretty with a comfortable life.
Alex, if you want to go full conspiracy theory then Middle East war and oil price springs to mind - but then the comparative cost of EV charging will look far more attractive…
But of course there is a powerful oil and ICE industry with well funded lobbyists.