2024 Liontown Annual General Meeting (AGM) Recording
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- Опубліковано 10 лют 2025
- We're pleased to provide a recording of the Chair address and Managing Director’s presentation, delivered to shareholders at the Liontown Annual General Meeting in Perth on Wednesday 27 November 2024.
Great presentation…….i can only hope that the share price can improve to what i have paid. Over 6 figures down now….😢
Gina bought my shares at $3.00, writing was on the wall for the Lithium industry especially in WA. Too common a material and C1 costs in WA are simply too high, unfortunate to see but the multinationals have simply made it standard to pay a general trade 250k a year for 26 weeks of work. LTR doesn't have the size and scale to push those C1 costs down especially when more and more product comes online from Africa and South America.
@@FriendzncoHow many greenfield projects are coming online. Crap grade Lepidolite was coming out of Africa. DLE still has to be proven at scale and price. LTR can produce 6%. Most competitors around 5.3 Still in ramp up, low iron product, targeting high grade u/g and sweet spot for production grade. They have optionality to pivot depending on conditions. Many others are in C&M.
@@rustyb2338 China have found a place for "Crap grade" Lepidolite. Number one rule in mining costs, costs, costs. The fact that these amazing greenfield projects have to come begging to the government for money is a blight on the Australian mining industry and for the prudent investor makes them uninvestable.
That being said, I think Liontown has the best manager for the job in Tony O but he has significant work to do to get down costs before a capital raise becomes the only way forward.
@@Friendznco China shut down much of its lepidolite production during the year due to cost of refining.I agree with costs that's why LTR are pivoting to drive down costs. Still in ramp up. Recoveries and grade are improving whilst competitors are reducing production or are in C&M. Low iron product is in demand. Lithium price will be the catalyst.
Unfortunately with current pricing environment which is not improving at least for another semester and cash drying at LTR, such high cost producer is going to be in a difficult situation in coming months. If the demand driven by growth outside of China doesn’t improve, I don’t see any reason why LTR shouldn’t not be placed on C&M for the benefit of their shareholders, stockholders. That’s unfortunately the market reality which always win.
Whats going on with Liontown is a commodity slump , it will rebound . As Cyclical markets do ..