Ramsess1...it is my impression that RF does not want 100% offtake. I believe he is of the opinion that he will maximize profit and position
by maintaining a good portion of cobalt uncommitted.
I am not saying it is a good strategy or a bad one; I only mention it, because some people may perceive his 20% off-take to be a sign of weakness, compared to those who have 100% offtakes.
My opinion is the opposite. The 20% off-take is by intention, and shows strength. RF does not need to take 100% off-takes
to the banks to get financing.
Just my opinion.
Something’s brewing!, page-57
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Last
41.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $36.99M | |||
| Open | High | Low | Value | Volume |
| 40.0¢ | 41.0¢ | 39.0¢ | $2.556K | 6.378K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 561 | 39.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.0¢ | 2908 | 1 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| SRL (ASX) Chart |