DC really had no choice but to hold off on offtakes given receding prices. He had confidence I believe, as opposed to hope, that prices would increase due to increased demand and borderline loss-making China production. this perception on future pricing was clear in DFS and last ASX announcement on progress.
Given the China export ban he now has a catalyst albeit maybe sooner than he expected, so I would prefer he bides his time now, a little, even if it means DFS timeline not met, to get absolute best partners for downstream and best pricing now with offtakes as we have the negotiating leverage and there’ll be a lot of competition to get RNU supply from tier 1 partners.
Too much value squandered by rushing into offtakes just to meet DFS timelines.
is DC a poker player? He’s played this perfectly so far….
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Last
8.0¢ |
Change
-0.001(1.23%) |
Mkt cap ! $205.8M |
Open | High | Low | Value | Volume |
8.3¢ | 8.3¢ | 8.0¢ | $88.95K | 1.099M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 523512 | 8.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.1¢ | 301576 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
16 | 570737 | 0.080 |
14 | 580768 | 0.079 |
5 | 100897 | 0.078 |
2 | 106000 | 0.077 |
2 | 23167 | 0.076 |
Price($) | Vol. | No. |
---|---|---|
0.081 | 301576 | 7 |
0.082 | 64076 | 3 |
0.083 | 150759 | 2 |
0.084 | 92013 | 2 |
0.085 | 257474 | 6 |
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