I’m a bit confused why you think this is bad news, PP?
The backwards-looking pricing mechanism was terrible, in a downward market it was incentivising Tianqi to buy off the spot market instead of from their own asset, hence impacting sales as a % of production. Yes IGO take a short term hit by not getting higher prices anymore but least now the pricing mechanism is closer to reality and in theory Tianqi will be happy to take their full allocation (or close to it) from Greenbushes stockpiles.
Or is there something else I’m missing?
I’m a bit confused why you think this is bad news, PP?The...
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Last
$5.64 |
Change
-0.230(3.92%) |
Mkt cap ! $4.270B | |||
| Open | High | Low | Value | Volume |
| $5.76 | $5.84 | $5.64 | $26.26M | 4.603M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 28870 | $5.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.65 | 27843 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| IGO (ASX) Chart |