DC really had no choice but to hold off on offtakes given receding prices. He had confidence I believe, as opposed to hope, that prices would increase due to increased demand and borderline loss-making China production. this perception on future pricing was clear in DFS and last ASX announcement on progress.
Given the China export ban he now has a catalyst albeit maybe sooner than he expected, so I would prefer he bides his time now, a little, even if it means DFS timeline not met, to get absolute best partners for downstream and best pricing now with offtakes as we have the negotiating leverage and there’ll be a lot of competition to get RNU supply from tier 1 partners.
Too much value squandered by rushing into offtakes just to meet DFS timelines.
is DC a poker player? He’s played this perfectly so far….
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8.7¢ |
Change
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Mkt cap ! $221.1M |
Open | High | Low | Value | Volume |
8.8¢ | 8.8¢ | 8.6¢ | $145.1K | 1.668M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 1846149 | 8.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.8¢ | 5550 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
17 | 1846149 | 0.086 |
29 | 1139983 | 0.085 |
6 | 769238 | 0.084 |
8 | 238536 | 0.083 |
4 | 158844 | 0.082 |
Price($) | Vol. | No. |
---|---|---|
0.088 | 5550 | 2 |
0.089 | 270000 | 4 |
0.090 | 535689 | 7 |
0.091 | 667678 | 7 |
0.092 | 68765 | 2 |
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