Yes that would have been a more straight forward way of saying it.
eg. Core have decided to purchase outright the existing plant equipment used by the operator, so that when Core start processing again, a cheaper OPEX environment will exist.
The A$19.5M will be funded from existing reserves.
This just reduces ongoing costs during downturn, and reduces OPEX going forward by reducing lease payments to repairs and maintenance when required.
So I suppose the update was just to advise $19.5M will be paid out to reduce ongoing payments to the operator.
I hope I have this right!
So no update on a restart yet, .... waiting on a lithium price upturn!
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Yes that would have been a more straight forward way of saying...
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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Price($) | Vol. | No. |
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12 | 861373 | 0.099 |
9 | 393228 | 0.098 |
6 | 179507 | 0.097 |
14 | 852759 | 0.096 |
Price($) | Vol. | No. |
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0.105 | 1791952 | 21 |
0.110 | 1792301 | 22 |
0.115 | 2708948 | 28 |
0.120 | 4770424 | 46 |
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