With only less than 30% under offtake, its likely to sit somewhere in storage. THe ramifications of selling a commodity type product in an oversupplied market are significant. You'll have mum and dad farmers happy to breakeven pushing the spot price lower once processing capacity becomes available. This is the supply CLI will be competing with unless they can secure more offtakes.
CLI Price at posting:
5.6¢ Sentiment: Buy Disclosure: Held
