Excellent post
Aside from the point on MC and 1/5 of Dubbo.
If I understand correctly what you are suggesting, if the 3 PEs came back to the table and said
"well your MC is much lower now, so how's about we renegotiate that $250 mil?"
they'd be given the very shortest of shrift.
That figure is a negotiated valuation based on the resource and potential revenue of said resource for its lifetime.
The SP is some daily changing arbitrary figure based on a trillion different whims of the market.
With inflation and REE price trends I'd like to see it revised upwards!
Not saying that $250 won't be changing up or down, as these agreements are tremendously complex, and ASM is not in the driving seat as it needs the Korean funding, else Dubbo will never get operational.
Also the 3 PEs may have been pressured by whomever they're waving the hat in front of to renegotiate, as the PEs don't have $250m themselves to throw around on this.
Let's wait and see.
I'm just happy that so far everything I've heard in conversations with people on this in terms of progress of the deal has been correct. I'll continue to keep my ear to the ground.
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Last
85.5¢ |
Change
0.030(3.64%) |
Mkt cap ! $154.8M |
Open | High | Low | Value | Volume |
83.5¢ | 86.5¢ | 79.0¢ | $234.1K | 282.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1169 | 85.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
86.0¢ | 5000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1169 | 0.855 |
1 | 66892 | 0.850 |
1 | 71951 | 0.840 |
1 | 2284 | 0.825 |
1 | 11999 | 0.800 |
Price($) | Vol. | No. |
---|---|---|
0.860 | 5000 | 1 |
0.890 | 3529 | 1 |
0.900 | 766 | 1 |
0.920 | 1773 | 2 |
0.925 | 5000 | 1 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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