The 54c is a charting related price target Kevo88. It's explained somewhere within in my last 6-12 Charting related posts.
Personally I hope management are holding off to as close toward the end of March as possible and watching weekly Li data.
The most recent announcement is enough to have put stability in the share price, that they dont need a strategically timed offtake announcement to keep it buoyant.
It will stay buoyant all by itself now.
And the more Lithium price data we get the more power we have with decisions and bargaining - less risk of the unknown for us.
Ann: ioneer Completes A$80 Million Placement, page-29
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