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27/07/23
15:45
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Originally posted by stompers:
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25% discount to the stated benchmarks is not marginal in a commercial operation, for most businesses that is an exceptional margin to be giving up. Again we don't know what the pre-commercial tonnage price vs normal tonnage price is so maybe closer to the $300USD mark but definately nowhere near the price people were expecting. Especially given the assumption is a shortage of product that customers were madly trying to secure. Don't get me wrong it's still a very profitable business but the way they have framed and built expecatations is not ideal. They need the NAIF funding to get through, i imagine they were waiting for full year accounts before finishing their due diligence.
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Hey mate the 273, is since inception. Not this Q. Not sure why they bothered with that, but hey.