The DFS came in February ‘23 with A$2.3B capex for the first stage. The funding approach came in April ‘23 with a proposed 65/35 debt/equity target. Between those two announcements, the picture became crystal-clear to investors: a company that, at the time, had a ~$850M market cap was (at best) going to have to dilute themselves at least 100% to finance the 35% equity portion of their stage 1 capex. Reality start to bite.
Separately: can’t help but wonder what the financial parties doing their DD think about a study with an assumed 20-year LiOH price of $30K versus current levels of $14K… those IRR/NPV metrics probably look vastly different now.
The DFS came in February ‘23 with A$2.3B capex for the first...
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Last
$5.33 |
Change
-0.210(3.79%) |
Mkt cap ! $917.1M | |||
| Open | High | Low | Value | Volume |
| $5.50 | $5.50 | $5.27 | $5.002M | 931.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 2 | 10916 | $5.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $5.35 | 12645 | 1 |
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| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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$5.32 |
Change
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| Open | High | Low | Volume | ||
| $5.47 | $5.48 | $5.28 | 100688 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
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