RE:Look under the hoodwhere are your numbers from?
They just announced Q3 2022 = 2,906 tonnes
/ 3,300 tonnes
= 88%
"Lower quarterly production due to a planned kiln and cooler refractory refurbishment and a change of mining contractor, but was in line with the Company’s revised production guidance"
ceetong wrote:
The Q1-2021 report commented on the company's current and future production capacity:
"Following the upgrades completed in January 2021, the commissioning and ramp up phases are
expected to be concluded by the end of Q2 2021, when the nameplate production capacity will increase by 10% to 1,100 tonnes of V2O5 per month."
Again: That's a production capacity of 3000t per quarter until Q2-2021 and 3300t per quarter from Q3-2021 onwards.
Now let's see what LGO delivered and how it compares to official nameplate production capacity (ttm = trailing twelve months):
Quarter - ttm nameplate - ttm production - percentage of nameplate
Q1-2020: | 12000 | 11309 | 94%
Q2-2020: | 12000 | 11356 | 95%
Q3-2020: | 12000 | 11496 | 96%
Q4-2020: | 12000 | 11825 | 99%
Q1-2021: | 12000 | 10980 | 92%
Q2-2021: | 12000 | 11488 | 96%
Q3-2021: | 12300 | 11656 | 95%
Q4-2021: | 12600 | 10319 | 82%
Q1-2022: | 12900 | 10775 | 84%
Q2-2022: | 13200 | 10789 | 82%
Q3-2022: | 13200 | 10435 | 79%
Now tell me, how on earth could this be perceived as "good news" providing the stock price with a much needed lift? As I said before: Cleraly this is not what it takes!