Cheers for the info.
Reinvesting free cash into expanding production or making the mine more efficient is probably the way to go initially (as you say). The other play I'm invested in is planning similar - free cash flow reinvested for plant expansion. Lots of similarities between A11 and this other one.
I've never understood the fixation that many Li investors have (on other tickers) for demanding brand new producers provide dividends - It's basically impossible unless spod pricing is back up at something unsustainable like $4k/t or higher again.
SYA and CXO can't even turn a profit let alone pay a dividend. Even PLS cancelled theirs.
Cheers for the info.Reinvesting free cash into expanding...
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Last
28.5¢ |
Change
0.005(1.79%) |
Mkt cap ! $185.1M | |||
| Open | High | Low | Value | Volume |
| 28.0¢ | 29.0¢ | 28.0¢ | $6.87K | 24.03K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 49999 | 28.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.5¢ | 14988 | 1 |
View Market Depth
| Last trade - 10.34am 09/08/2024 (20 minute delay) ? |
| A11 (ASX) Chart |