completely agree ddzx - as an SO4 holder I'd prefer them to buy TMG (assuming progress continues to be positive of course) for a fair price than to develop their own much lower grade lakes (after Lake Way of course). And I think it makes sense for the sector and Australia as a whole to develop the higher grade resources first (certainly from an environmental perspective anyway).
it would obviously reduce the returns available to TMG holders (myself included) in the longer-term, but should still be a very decent return from here - I haven't looked into what you could justify spending on a higher grade asset in order to avoid the increased capex requirements associated with lower grade ones, but it's probably a multiple of TMG's current price.
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Last
4.7¢ |
Change
0.011(30.6%) |
Mkt cap ! $30.20M |
Open | High | Low | Value | Volume |
3.8¢ | 4.8¢ | 3.6¢ | $5.065M | 120.0M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 1342482 | 4.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.8¢ | 200000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 1342482 | 0.047 |
5 | 2275739 | 0.046 |
6 | 2112000 | 0.045 |
7 | 5994708 | 0.044 |
7 | 997935 | 0.043 |
Price($) | Vol. | No. |
---|---|---|
0.048 | 200000 | 1 |
0.049 | 1400542 | 10 |
0.050 | 325323 | 2 |
0.051 | 1340000 | 3 |
0.052 | 740000 | 2 |
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