Happy to see this price action, I'm still going to hold for years, but all these off-take deals and general news about the EV, batteries and Lithium market are quite irrelevant for Vulcan.
The only thing that matters for Vulcan is the DLE process and the drilling. If they can pull it out, this stock will be unstoppable no matter what the rest of the EV market does, they will be able to sell 100% of their negative carbon lithium at a premium even if they don't sign any deal until they have the lithium in the truck.
If they fail in producing lithium at a decent cost price, for example they have problems stabilising the process, or during the drilling, or they find that the brine in their land is somewhat polluted, then all these recent news are meaningless.
The day they publish news about their pilot plant or they publish the DFS, the stock can easily double or halve. All the investors loading up now are basically buying a ticket for that day.
Share Price, page-52
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Last
$4.54 |
Change
-0.110(2.37%) |
Mkt cap ! $854.3M | |||
| Open | High | Low | Value | Volume |
| $4.68 | $4.81 | $4.51 | $2.401M | 515.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6000 | $4.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.56 | 1560 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| VUL (ASX) Chart |