CE placed Wodgina in C&M when the Li price fell. Once the hydroxide plant is running (due for completion this year) the stockpiled ore can be processed yielding much higher prices. This will result in higher revenue from Li. I'm sure they won't hesitate to do the same with IO if they can't increase their mine efficiency. Their model has been to buy cheap, increase value using their mining services expertise, then sell when the value reaches a highly profitable point. Can't see them departing from this highly successful model. Just look to the chart for the last 15 years and the last five in particular.
Min and Lithium, page-63
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Last
$38.49 |
Change
1.790(4.88%) |
Mkt cap ! $7.609B | |||
| Open | High | Low | Value | Volume |
| $36.75 | $39.20 | $36.62 | $74.86M | 1.963M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 42 | $38.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $38.49 | 182 | 5 |
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| Last trade - 15.06pm 05/11/2024 (20 minute delay) ? |
| MIN (ASX) Chart |