Thursday, August 29, 2019 12:03:18 PM
“Sales and exports of approximately 19,000 dmt 1 of spodumene have been made so far this quarter. The Company forecasts similar sales and exports during the remainder of the quarter.”
This suggests about production in the 30ks for the quarter, and perhaps less because they have not shipped for a while. I just hope the Chinese offtakers are not playing games as it is happening to A40 and PLS. The higher production tells me that they are stockpiling product. This would be good if we had plenty of cash, but we don’t. This is why I mentioned last night that the company should maximize shipping and consider using the stockpile to augment shipments to at least 50k tons per quarter, even if the sale price sucks.
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