Some of the info we’ve been asking for:
- Offtake not very commercial without third party ores (large trader / offtaker discounts)
- Dubbo ores need blending with ores from other projects to meet specs of key end-buyers.
- As a result, project on its own cannot meet the needs of a Hyundai and very difficult to obtain large pre-offtake / financing commitments
- Koreans very keen but struggling to pull together the needed commitments. KORES doesn’t have the balance sheet on its own
- Even if successful, transfer pricing an
issue as the economics will accrue mostly to the Koreans/traders/blenders
^ Not overly surprising, however it remains scuttlebutt from Diggers and ASM need to provide full disclosure ASAP to shareholders to alleviate any doubts
Ann: Managing Director and CEO Transition, page-238
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74.5¢ |
Change
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Mkt cap ! $134.9M | |||
| Open | High | Low | Value | Volume |
| 75.5¢ | 76.5¢ | 73.0¢ | $263.9K | 356.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 303 | 74.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 75.0¢ | 28345 | 11 |
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