POTENTIAL OFFTAKE FOR STAGE 3
As announced in the Subscription Agreement executed with Jiangxi Ganfeng Lithium Co. Ltd (“Ganfeng”on 28 December 2018, Pilbara Minerals agreed to provide a right to Ganfeng to purchase a further 50,000tpa of spodumene concentrate from any Stage 3 expansion. Offtake is contingent on a number of conditions precedent including provision of a product prepayment facility of not less than US$20M. This prepayment is in addition to the A$50 million equity subscription expected from Ganfeng by the end of March 2019.
Which all ties in with this paragraph. The $20M prepayment will help with cash management initially until it gets draw upon. The addition shares/equity is not new information to the market.
POTENTIAL OFFTAKE FOR STAGE 3 As announced in the Subscription...
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Last
$3.09 |
Change
-0.070(2.22%) |
Mkt cap ! $9.305B | |||
| Open | High | Low | Value | Volume |
| $3.09 | $3.17 | $3.06 | $43.28M | 13.95M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2499 | $3.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.10 | 26336 | 2 |
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| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |