Some are concerned about ADY flooding the market with Li but I actually think there may be a lack of supply when you consider the points you have raised.
Also batteries dont last forever they will need to be replaced at some stage.
By ADY announcing a 400yr mine life I think could be helpfull to the LI battery industry so they can push forward the tecnology knowing they will have a satisfactory supply
IMO demand is going to increase dramaticaly and we may see a takeover attempt next year whether we like it or not.
Any guesses on a multiple yet?
Cheers
multiple of, page-3
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Last
1.1¢ |
Change
-0.001(8.33%) |
Mkt cap ! $17.92M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.1¢ | $11.94K | 1.086M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000000 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 400000 | 2 |
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| Last trade - 13.26pm 19/07/2024 (20 minute delay) ? |
| ADY (ASX) Chart |