focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
man the SP is acting 'tepid', yet again, gasping to stay with a 3, and with all the obvious positives in play this frustrates the best us us
Not the moist technical post. Good day all if anyones listening. Keep the faith (Bon Jovi 1992) ...
you're joining a few dots there
Not as far far fetched as one might think. Ghana clearly want refining as well.
Those recent Director purchases sit in my my mind (NH, AH), they didn't go in big without good reason... we'll see. gl
I think this count down is more or less the top and bottom of it atm, the rest is noise
Head down. one milestone after the other. Build the the mine
Even if BO or someone came out with another report tomorrow, unless someone is 'carted off in handcuffs', buy the dips and carry on. We are on a course, good/bad/indifferent too late now for me, on a course, I for one am seeing it through.
BTW, EV is everywhere now, whole range of pure EV on new BMW TV ad only last night, huge requirement for Li, huge
makes little sense to me
Historically you can't odds the SP action here, often illogical, and it appears that tradition is alive and well. People sell for many reasons etc and so forth ...
Meanwhile we sit tight, focus on the matter in hand, and enact the plan
seems to me sentiment is currently ticking up as we speak, as the well informed commentators virtually all predicted it would
Also noteworthy to us is that it was around this SP when the BO debacle struck, its good to get back in the same ball park, provides a bit if sanity
M8 seems to be long gone
Few of my take aways from a wide range of very wise commentators
1. we're in a supercycle the envelops any short term dips, said cycle has way more to run
2. we're nearing the bottom price wise, or reached it; at this lo price certain streams stop producing and only restart at higher prices, and theres clear ongoing demand
3. things like Sodium - substatution. In its infancy, only really works for EV minis i.e short range. Can come to the party but won't dislodge Li
4. Seems to be a general agreement that Li has an 'optimal' price, somewhere 'in the middle', that is best for all participants be it miners, investors, expolorers, EV manufacturers, refiners, ending with Jo public. Too high and inefficient mines get built ..costs of cars too high, 'demand destruction'.
4. finally they don't seem remotely concerned about the space and the short term current lull in price, then u get into spot and contract split, and lag in contract prices, too much for here though. They put much weight on looking at contract price as opposed to spot.
Whilst I sincerely hope the DMS, MIIF, resource rise, will do great things for us, I think the real value accrediter is the ML. ML the match to the tinder, the GO button. Personally my expectations are manged accordingly.
There's possibly some overhang from the BO saga leaving that wisp of doubt in some people's minds.
For avoidance of doubt, when ML does land later this year I reckon, then I happen to feel it could finally absolutely explode, buyer's for the material will flood in, suiters will flow in. Clear runway to NPV. Its a relatively simple build..
Conservative numbers, however someone said on here that thats how it is with PFS DFS s because you have to look at almost worst case scenarios.
A kind of 'under report over deliver' environment not the other way round; funders want diligence and scrutiny that they're not being led up an 'overly rosy' path
I suppose its one mechanism of preventing mines that shouldn't get built getting built
Anyhow, all appears on course for us (and PLL), I know we harp on about repeat points, buts its that lo capex opex that see us right, do our numbers 'stack', yes they do.
I do know where ur coming from, and I wouldn't mind knowing how much it costs
However, collectively lets give it a chance ... I believe (Core ?) used it 'accreditively' if thats a word
If it locates some new Pegmatites it get my vote .. lets see
Despite my frustration with MIIF, I think the course of events will play out as yourself and a couple of posters have outlined. A couple of more risks taken out before Sov fund goes in. The road to that happening though appears increasingly clear and direct, the language increasingly defined and unambiguous. I also sense there's some reasonably good natured albeit 'robust' negotiations continuing with ALL e.g ALL is being 'encouraged' to list on Ghana exchange in the future. Much at stake for all parties, once this thing gets producing, lot of cash flowing, I think there will be divis, they want to be well positioned for that.