Q1 2023 Jervois Global Ltd Activities Report Call Transcript
Thank Ashleigh, and a pleasure to be here today with James May, Chief Financial Officer. Clearly this has been an extremely challenging quarter for us, Jervois, and all other shareholders.
Part outside the company's control, namely continued weakness in the cobalt price, which has not fallen into the USD15 per pound range, a 40% decrease from the USD25 per pound at the start of November 2022. Today's cobalt price is also USD25 per pound lower than a year ago when we were touching USD40 per pound
Part within the company's control, however. We disappointingly failed to manage a hyperinflationary construction environment in a remote location in the United States as well as should, and also files and structure legacy contractual arrangements into our Finnish refined and advanced cobalt manufacturing business as aggressively as we wanted to have prior in the 2020 downturn.
Today's presentation will be in a different format so I'm going to primarily focus and address the equity market concerns. In particular James spend
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