The money to pay A11 is the least of their problems. It's getting the billion dollars to build a hydroxide plant to process the ore that is the major hurdle.
They were going to finance that from having had their own profitable lithium mine in the US beforehand. But that's not worked out. If they could have been selling these last couple of years they'd have it in cash. But they never got past community/enviro hurdles.
Now who is going to give them a billion dollars to make hydroxide when there is no profit in it?
And if they don't have a plant, what's the point in securing offtake?
House of cards.
Ann: Mining Lease Granted for Ewoyaa Lithium Project, page-77
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Last
18.5¢ |
Change
0.050(37.0%) |
Mkt cap ! $128.2M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 18.5¢ | 16.0¢ | $75.93K | 455.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 55795 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 25538 | 2 |
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| Last trade - 16.10pm 13/06/2025 (20 minute delay) ? |
| A11 (ASX) Chart |