RE:RE:RE:Call Questions on BatteryIsland, we were bang on!
ceetong wrote:
Spot on, Island! Margins are being crushed as we speak, V price falling further, now $7.40/lb, costs way up.
Now, with actual results in: Costs way up +38% ($4.86/lb vs. 3.68/lb a year ago). V price down even the stated Q3-2022 average turns out to be too high.
Earlier this year our CEO stated LGO's selling prices lagged benchmark prices. So, here's the question for you: With the Q2 benchmark price at $11.08 and the Q3 benchmark price at $8.23, how comes Largo achieves an avg. selling price for its V2O5 of 8.23 only?
Either it's giving its product away for below-market prices OR the stated benchmark prices are wrong (as I had suspected earlier). Which one is it?