There is no need to consider a takeover. The company is well funded and there are multiple outcrops that have been identified post fires. The team have enough land to explore and drill for years.
By the time Adina has a resource, build and commission the plant I would expect there to be a substantial deficit in lithium production.
I still feel that the company, within several years, could have a multi billion MC. You have to remember that the lithium industry within North America is in n it's infancy and time will be required to develop the required infrastructure and factories that will be supported by US legislation.
The good times haven't even started and people are looking to cash their chips in. It's reminds me of the days the day trading folk would crow about making a few thousand dollars day trading PLS when it was in the $0.10s.
What's the rush. I'm expecting to hold for several years at a minimum.
There is no need to consider a takeover. The company is well...
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Last
$1.29 |
Change
-0.015(1.15%) |
Mkt cap ! $245.1M | |||
| Open | High | Low | Value | Volume |
| $1.33 | $1.35 | $1.27 | $636.0K | 489.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1970 | $1.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.33 | 9000 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$1.28 |
Change
-0.015 ( 2.71 %) |
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| Open | High | Low | Volume | ||
| $1.35 | $1.35 | $1.27 | 129488 | ||
| Last updated 15.57pm 03/05/2024 ? | |||||
| WR1 (ASX) Chart |