Many here will be aware of the huge loss that PLS made over the last year but I think the below hasn't been noticed by many and may be of some interest.
As a former KDR holder I was wondering where they (WES who acquired KDR) were up to with their construction so checked through a bunch of WES ASX announcements and it seems that the FID for the Mt Holland lithium project has been delayed until at least 2021.
To me that is a big deal as Mt Holland is a huge resource with decades of mine life. Construction and commissioning would also be a much larger and longer undertaking than what CXO had planned. If a company the size of WES is not willing to make a FID at the moment I think that reflects either a huge amount of uncertainty in the lithium market's recovery or a complete lack of confidence that it will recover in the near term.
Were you guys aware of this? What are your thoughts?
Ann: Finniss Lithium Project Update, page-138
Add CXO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
9.8¢ |
Change
-0.007(6.67%) |
Mkt cap ! $210.0M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 9.8¢ | $6.405M | 65.16M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1644860 | 9.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 2435187 | 25 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| CXO (ASX) Chart |