RE:RE:LI price insightNo. LI mining is one of the few segments of mining that is paying for mine development by soliciting and getting funding for their mine from customers. Recently one of the three GXY, PILBF or ALTAF got a $15 mil advance payment from a customer to pay for equipment that had to be ordered for the next phase. PILBF and ALTAF got almost all of the funds they needed to build their ORIGINAL mines ( PILBF did float NORDIC bonds for a portion of the whole thing - whatever they are.) from their customers. The LI 6% spudomene prices being paid by these customers is lower than the tippy top prices being broadcast by some analysts.
Gold miners like MUX and others are funding their mines either with bank loans or by floating stock.
Right now ALTAF is halted for 5 days because it will be announcing a bundle of money being raised for it's 2nd phase. Rumor is that financing source ( likely Gangfeng LI) will pay a 30% premium for privately placed stock when the halt is lifted. Gangfeng is a customer of ALTAF.
Gangfeng is being sold LI with a discount amount of not great size by ALTAF..