Interesting that it's only a 3-month extension.
Two things stood out to me regarding Saphire in the recent project update.
- These units produce 3 tonnes net a year, so the fact that they've pre-sold 2 tonnes for the last 6 months of 2025 means there isn't much left over for marketing purposes. Two units will not be enough for 2026.
- They've said they hosted a site visit from an optics customer who potentially wants greater than 100% of 2026 production. With a decision due soon, are they hinting that they have a customer who wants to buy all of phase B production? Maybe I'm wrong, but surely the production forecast for 2026 is not Phase A only.
The market may present an opportunity in the next few days, or it may not; either way, it's not a big deal IMO. If they didn't seem to be making progress on any front, then maybe it would be cause for concern, but that is clearly not the case.
Good luck all
Interesting that it's only a 3-month extension. Two things stood...
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Last
87.5¢ |
Change
-0.055(5.91%) |
Mkt cap ! $994.8M | |||
| Open | High | Low | Value | Volume |
| 93.0¢ | 94.0¢ | 87.5¢ | $1.453M | 1.620M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 224 | 86.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 90.0¢ | 14091 | 3 |
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| Last trade - 16.10pm 31/07/2025 (20 minute delay) ? |
| A4N (ASX) Chart |