I think this is great news. For the following reason
1) The SP has been on a run so the raising will be at a substantially higher price than if they did it a month ago
2) This accelerates our move up the value chain. Moving up the value chain means that we will eventually get a substantial re-rate. Rather than being a commodity that is at the whims of the market commodity prices, we will have a value added battery grade product. The end result is that down the track we will get a long term contracts for this material at a substantial premium.
I think this is great news. For the following reason1) The SP...
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Last
26.5¢ |
Change
-0.010(3.64%) |
Mkt cap ! $58.27M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 26.5¢ | 25.5¢ | $82.41K | 317.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 76816 | 25.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 19999 | 1 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| E25 (ASX) Chart |