I am also getting ready to buy again. My plan was to buy the shares that I sold a while ago at a much cheaper price, and I think that the time has arrived to start buying a few separate batches. It will be difficult for me to get my average to the level you have, but I think that I can get it to around $0.07 or $0.08 with a few buys.
As you said, the company continues to have the backing of the big investors and they themselves have a lot of skin in the game. Production keeps increasing, costs keep going down, quality is top notch and they have several off takers for safety. In addition, we should finally see a quarter with close to or more than 50k tons in shipments, while several other mines are in care and maintenance due to the low lithium prices and their high costs. I also think that the recent CR will help. I do recognize that the company’s Achilles heal is the large debt at 15% interest that remains due to the lower lithium prices. However, the company’s recent announcement makes me think that this too will be resolved soon, but I wish they had unequivocally stated that refinance will occur this calendar year as opposed to this fiscal year. Some of you may be aware that A40’s may get $70 refinanced for about 5%, although this deal looks quite shady because it is from a Chinese company based in the Cayman Islands. Nevertheless, this makes me think that Altura is in solid ground to refinance the whole debt or part of it for under 10% and for a longer term. This will reduce the current interest payments of about $5M per quarter by at least a couple of million per quarter while also providing a much needed longer period to wait for lithium prices to improve and for the operation to be fully optimized.
BTW, I read your HC post, nice. There are quite a few knowledgeable people in that forum along with a few trolls.
Good luck and ALTURA LONG!
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