The spot price could give them more ammunition to load the shorts as they will know at the price disclosed is less than what it is costing them to produce...
The way the announcement is written also suggests that the first load they shipped to their offtake customer is achieving a price lower than the USD$802 per ton.
Ann: Inaugural shipment of spodumene concentrate sails, page-11
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Last
69.0¢ |
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0.035(5.34%) |
Mkt cap ! $1.676B | |||
| Open | High | Low | Value | Volume |
| 66.5¢ | 69.5¢ | 66.5¢ | $6.195M | 9.040M |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 61302 | 68.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 69.0¢ | 95090 | 2 |
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| Last trade - 16.12pm 24/06/2025 (20 minute delay) ? |
| LTR (ASX) Chart |