A bit more blue sky thinking about MOU vs offtake in the short term.
I had expected the next major news to be an offtake to VW or Tesla. However that would still leave Capex funding pre or post the DFS as a hurdle.
Given the size of the Stellantis EV investment, it could easily be that they will contribute a cornerstone sized investment to the Capex, in combination with Gina (iron ore price/margin is off the chart at the moment), say $0.5B each, balance to investors. That would de-risk the whole VUL story. I can’t see Stellantis limiting themselves to just two lithium suppliers without mitigating as many supply risks as possible. Capex support (even a board position) would help do that.
Only 279k for sale at Friday’s close. If the MOU is confirmed, it won’t surprise me if we hit $10.
News: VUL Stellantis in lithium supply deals with California, German firms -sources, page-25
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Last
$4.46 |
Change
-0.150(3.25%) |
Mkt cap ! $839.3M | |||
| Open | High | Low | Value | Volume |
| $4.61 | $4.62 | $4.45 | $990.1K | 219.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1080 | $4.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.48 | 10000 | 1 |
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| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| VUL (ASX) Chart |