From what I read, analysts are expecting shipping rates to come down sometime next year (just likely many other supply constraints) - for what its worth
My hypothesis on why VRX has delayed in nailing down an off-take is to provide it optionality for domestic off-take - from my "channel checks" it sounds like there is serious momentum behind domestic glass manufacturing - Bruce has mentioned this many times in the past so I presume he's part of these discussion, which makes sense being the most advanced silica sands project in Australia - from his perspective, I can imagine him thinking: "why lock up with a foreign buyer when I have decent line of sight on a domestic one, especially when financing is still months off and it sounds like there is an abundance of foreign demand if/when he needs it."
Just my guess......
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Last
3.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $19.47M |
Open | High | Low | Value | Volume |
3.1¢ | 3.1¢ | 3.1¢ | $775 | 25K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 426666 | 3.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.1¢ | 25000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 426666 | 0.030 |
2 | 200000 | 0.029 |
1 | 100000 | 0.028 |
2 | 160000 | 0.027 |
1 | 300000 | 0.026 |
Price($) | Vol. | No. |
---|---|---|
0.031 | 25000 | 1 |
0.032 | 194896 | 1 |
0.033 | 16193 | 1 |
0.034 | 12900 | 1 |
0.036 | 286529 | 1 |
Last trade - 11.32am 16/08/2024 (20 minute delay) ? |
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