And as mentioned in the latest investor stream video - Lindians' production costs are so low we don't have to worry about operating at a loss like LYC are having to. Lindian could wait them out, bridge the supply gap keeping the re prices as they are.
The question would be how long would it take for LYC/ARU shareholders to say enough of the operating losses and jump ship. LYC have a good product, but they're operation costs are expensive in comparison to us.
~ 12 months until Lindian is in production shipping product
Ann: Outstanding Kangankunde Stage 1 Feasibility Study Results, page-250
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Last
11.0¢ |
Change
-0.005(4.35%) |
Mkt cap ! $126.8M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 11.0¢ | $30.51K | 277.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 243414 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 40000 | 1 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| LIN (ASX) Chart |