Piedmont Lithium Inc (ASX:PLL)
A$ 0.185 0.005 (2.78%) Market Cap: 358.39 Mil Enterprise Value: 262.29 Mil PE Ratio: 0 PB Ratio: 0.79 GF Score: 35/100
Back to the Transcripts List

Q2 2024 Piedmont Lithium Inc Earnings Call Transcript

Aug 08, 2024 / 12:30PM GMT
Release Date Price: A$0.135 (-3.57%)

Key Points

Positve
  • North American Lithium (NAL) achieved steady-state operations and set new production records in Q2 2024.
  • Piedmont Lithium Inc (ASX:PLL) successfully implemented a $10 million cost reduction plan for 2024.
  • The company has consolidated its US lithium hydroxide development strategy, focusing on a phased approach in North Carolina.
  • Positive feedback from potential offtake partners for the Ewoyaa joint venture in Ghana.
  • Piedmont Lithium Inc (ASX:PLL) ended Q2 2024 with $59 million in cash, indicating strong liquidity.
Negative
  • The company reported a GAAP net loss of $13.3 million for Q2 2024.
  • Realized price per metric ton of spodumene concentrate was only slightly above the realized cost, indicating tight margins.
  • The lithium market is currently in a pricing down cycle, affecting overall profitability.
  • Development timelines for major projects like Carolina Lithium are extended due to unfavorable market conditions.
  • Significant capital expenditures and investments are deferred, impacting project timelines and growth.
Operator

My name is Marvin and I will be your conference call operator today. At this time, I would like to welcome everyone to the Q2 2024 Piedmont Lithium earnings call. (Operator Instructions)

I will now turn the call over to Erin Sanders, Senior Vice President of Corporate Communications and Investor Relations. Please go ahead.

Erin Sanders
Piedmont Lithium Inc - Vice President - Corporate Communications and Investor Relations

Thank you, operator, and good morning, everyone. Welcome to Piedmont Lithium's second quarter 2024 earnings call. Joining us today from Piedmont Lithium are Keith Phillips, President and Chief Executive Officer, who will provide the introductory remarks. Michael White, Chief Financial Officer, will then review our financial results followed by Patrick Brindle, Chief Operating Officer, who will offer an update on our commercial activities and projects. Keith will then provide closing commentary before we transition to a live Q&A session.

As a reminder, today's discussion will contain forward-looking statements relating

Already have an account? Log in
Get the full story
Start 7-Day Free Trial
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot
Research Tools
All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board
Product
Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App 中文
Education
Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation
Company
About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program
Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey
Follow Us
download GuruFocus on Apple store download GuruFocus on Google Play
Disclaimers
GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.
© 2004-2024 GuruFocus.com, LLC. All Rights Reserved.