The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Wow, anyone seen our neighbours recently announced MET tests?
When BA states ours are lithium is world class he’s probably bang on if they’re anything like what MLL have just announced.
I think a lot of money will come ploughing into Mali in the not to distant future.
Interesting to see how he’s come to a 2 million tons now?
We’ve gone from 1.2 to 1.5 and now 2 million tons, what does he know that we don’t, well we should find out in the next few weeks if he’s going to submit the mining application on time.
F@cking steal at these prices, gutted I’ve got to multibag just to break even.
Good article posted just now on LinkedIn by Rodney hooper: quality is king, and could come up trumps for us with SC.
Does the #lithium industry have a severe #quality problem?
Yes, it does - here's why.
Recent announcements by incumbents & developing producers should be ringing alarm bells. #SQM is aiming for 47KT 2019 sales, below previous guidance of 55KT. Strip out all the low-grade carbonate sold into China, 2019 sales of higher-grade material will be BELOW 2018. Orocobre's AGM presentation shows phase 2 (25KT) being ALL primary grade with only 10KT to be processed by Naraha into BG LiOH. #GXY plans to produce a non-BG Li2CO3 at SdV - the backend solution for BG is TBD. Kwinana is ramping (slowly), phase 2 is on hold & Kemerton is still under construction. The bright spot for BG LiOH supply is #Ganfeng; however, expansions will stretch management & finances. Senior technical staff at co's continue to warn of tightening quality requirements. New Chinese converters are chasing a moving quality target (upwards), current contaminant restrictions from cathode co's are, IMO, out of reach for most new entrants.
BOTTOM LINE - the bifurcation in Li pricing will continue or even WIDEN. The TRUE marginal CoP, incl transport, VAT & overhead is NOT $7/KT. Spot prices <$7/KT will see the excess supply of LG material come offline. Co's that meet OEM Q standards will sell & trade at market premiums.
Hopefully I don’t get diluted to the point I lose all I have in here and miss out on what I believed in when I invested here almost 2-3 years ago:
It’s going to happen
https://www.cnn.com/2019/11/25/perspectives/gm-electric-cars/index.html
Not watched it yet but here it is : https://www.brrmedia.co.uk/broadcasts-embed/5dd6abfd8e9f38744a57e32b/?popup=true
I’m not a holder of MLL so this is not a plug for them but this article highlights the issues most lithium exploration companies are going through. By the way MLL are the same as us at all time lows.
https://seekingalpha.com/article/4307680-mali-lithium-upcoming-catalysts-spark-turnaround-story-2020
I can understand shareholders selling but at any point now the ESIA approval will be granted and we will know a lot more about what’s going on.
What I’m trying to say is Please don’t panic sell now, you will probably regret it as these prices.
VW and TESLA going all in now, by all accounts if they meet the supposed sales targets there will be no lithium left for anyone else. https://electrek.co/2019/11/12/vw-breaks-ground-on-massive-tennessee-ev-plant-dubbed-a-magic-moment-by-ceo/
https://www.euronews.com/2019/11/12/tesla-ceo-says-will-build-gigafactory-4-in-berlin-area-electrek
As Rob has pointed out the lithium sector is on the up now so any decent news should see this rise. We have not long to go now and we’ll all know our fate, ESIA next week, FS shortly after and then Mining license submitted.
This will all happen before XMas so we will all know if it’s turkey or beans on toast for Xmas dinner.
Not if this keeps happening https://www.dw.com/en/bolivia-scraps-joint-lithium-project-with-german-company/a-51100873