Vale had the first rights to the offtake, when Vale started to split their business into iron ore and battery metals and secured deals with GM around Nickel, there was a very real chance that Vale wanted Jaguar back. Having first rights spoken for means it's worthless CTM to talk to any offtake/finance partner. The project was caught in no man's land. If Vale wanted the project they could have dragged out discussions for years destroying the stock and then making a hostile takeover. This was a very real risk but now its cleared up, CTM can talk to a GM, Stellantis, Trader etc., and arrange offtake with financing attached. Or as a second-best option but a normal deal in the usual market, get an offtake with glencore, trafigura and get bank finance.
Vale had the first rights to the offtake, when Vale started to...
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Last
41.5¢ |
Change
-0.040(8.79%) |
Mkt cap ! $205.9M | |||
| Open | High | Low | Value | Volume |
| 46.0¢ | 46.0¢ | 41.5¢ | $228.1K | 516.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4999 | 41.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 43.0¢ | 8000 | 1 |
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