“We have an OT agreement with a company that wants to buy everything we can produce for the next 7 years that’s a good thing.”
Not true. “We” have a commodities trader that has agreed to sell and administer the sale of everything we produce and absorb the risk of us not producing; at a cost to us.
As previously stated, this is not a bad deal, it has many advantages but the fact is, yheres not yet any sales agreements for delivery and that is why the share price has not moved.
Everyone banging on about short sellers and trader manipulation, seriously, remove the rose coloured glasses, the company just hasnt yet done what is required to warrant a higher value.
Not saying it won’t, but it hasn’t.
Ann: Binding Offtake Signed with Traxys, page-334
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Last
0.3¢ |
Change
0.001(25.0%) |
Mkt cap ! $21.47M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $6.399K | 2.167M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 164 | 140572823 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 71808036 | 47 |
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| LPD (ASX) Chart |