Or the more recent purchase of the bald Hill project which of course is a much superior project to ours with much higher grades and had been producing over 6% since I first entered that investment back in 2017.
"Mineral Resources (MinRes) is set to pay $260 million to acquire the Bald Hill lithium mine in a move that has left some investors with questions."
common sense would tell most logical people nobody would be interested in buying a low grade small project with extremely high costs which is moving into care and maintenance and requires the current prices to basically triple before profitable..
And then almost 130 million shares changed hands in Friday's trading..
it's a funny forum cxo everybody seems to just spend their time abusing each other and nobody seems to look at any facts..
You see very little conversation around the actual cost of production and how we are the highest on the cost curve.. there has been basically no conversation about the huge amount of shares that changed hands in very late trading yesterday.. I don't see much conversation around the huge amount of capital that was pumped into the underground project which clearly at current and predicted future lithium prices will never be developed.
there has been little to no talk about the huge cost to the company in penalties when it stops meeting its obligations to its current contracts..
people will write this off with oh well if you don't like it sell and leave well yes of course I've already liquidated most of my holdings at break even price..
To be honest personally I don't see a lot of avenues for core lithium to continue as a ongoing concern without relying on basically a miracle like a 3x of the current lithium prices..
before all the abuse roles in just think for one minute if these issues and conversations had been had would you still be holding the company as it continues to fall?
For current holders in the red I truly hope that miracle comes.
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Mkt cap ! $225.0M |
Open | High | Low | Value | Volume |
10.5¢ | 10.5¢ | 10.0¢ | $312.1K | 2.989M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
217 | 12598735 | 10.0¢ |
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Price($) | Vol. | No. |
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10.5¢ | 795015 | 23 |
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217 | 12598735 | 0.100 |
8 | 260911 | 0.099 |
13 | 347922 | 0.098 |
5 | 357036 | 0.097 |
4 | 223581 | 0.096 |
Price($) | Vol. | No. |
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0.105 | 795015 | 23 |
0.110 | 4172663 | 41 |
0.115 | 3423675 | 38 |
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