Ann: HMW Phase 1 Funding & Offtake Secured with US Based Partner, page-75

“I can’t see what keeps this above 10c a share whilst we wait for Authism to do their thing… ”


Yeah, who knows where the market makers will push the sp short term.
…but imo this is clearly a significant de-risking to first production. Not “no risk”, but significantly de-risked.
Construction this year. Add a buffer if you like.
First production h1 next year. Add a buffer if you like.
Imo there is now far more certainty than we have ever had wrt Ph 1 production.
So, imo “the market” should start to move this towards some sort of appropriate valuation, as we move towards production and revenue.
My expectation is that the macro will play a significant role in the choppiness of the price action, but construction progress and further derisking should generally move this towards where it “should” be as a Ph1 producer, and then as a Ph2 producer etc.
“Li price” plays a key role…. How long can it stay this low..? The billion-dollar Q!

Imo it will be a choppy ride and the tide will push it around regardless of the individual milestones etc.

Authium with skin in the game helps - they are incentivised to help make it all come together.

Anyway, just some food for thought.

Imo
Dyor