Ioneer have followed protocol set by BLM since day dot so agreed this would be highly unlikely to be an issue.
I think the recent sell off is typical at this time of year as some holders need cash around Christmas (look at the share price every other year at this time) on top of reassessing investment decisions going into the new year.
2020 is said to be the stopping point on the lithium price down turn. Ref/Source for this is Li Bull with Howard Klein speaking to the LME in London regarding Lithium spot pricing in China.
Considering recent events in Chile and Bolivia there is definitely huge delays in some new production coming online into the future and LME do expect a lithium demand boom again (at least before 2025).
I have held this stock since 2017 at about 28.5c and while I am still in red at the moment I see huge things going into 2020 on this stock.
The figures are robust:
If you exclude Boron it covers the cost of our operations.
20,000 of Lithium per annum at say a conservative $8,000 p/t
Thats $160,000,000 per year as income.
On about 1.5B shares on issue thats an earnings of ~$0.10 per share per annum
Even with a capital raise of double the current share pool thats still 5c a share per year!
An the mine life per Bernard Rowe is up to 50 years. Source https://unauthorised investment advice/*-tv/video-90-seconds-with-bernard-rowe-ioneer-ltd/
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24.5¢ |
Change
-0.005(2.00%) |
Mkt cap ! $590.3M |
Open | High | Low | Value | Volume |
25.5¢ | 25.5¢ | 23.5¢ | $1.194M | 4.835M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 67209 | 24.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
25.0¢ | 740202 | 17 |
View Market Depth
No. | Vol. | Price($) |
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6 | 115233 | 0.245 |
14 | 568035 | 0.240 |
10 | 674213 | 0.235 |
14 | 792393 | 0.230 |
16 | 648341 | 0.225 |
Price($) | Vol. | No. |
---|---|---|
0.250 | 517555 | 14 |
0.255 | 426740 | 5 |
0.260 | 227919 | 8 |
0.265 | 127066 | 3 |
0.270 | 281054 | 5 |
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