The question here is credibility or lack of it.
If you go back to their 2021 presentations they state that global demand exceeds supply. They have a ten year distribution agreement and a six year off take agreement with a Taiwan distributor. I n the first three years the sum of the targetted dales in the offtake is 217kt combined with non binding letters of intent of 280kt from other customers amounts to 551kt.
We are now two years down the track and what has happened?
I guess they will roll out the COVID excuse.
Was this just blind optimism?
Investors who purchased shares based on low cost operation,locked in agreements and excessive demand have been sadly let down very badly.
The question here is credibility or lack of it.If you go back to...
Add WAK (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
5.0¢ |
Change
-0.005(9.09%) |
Mkt cap ! $21.18M | |||
| Open | High | Low | Value | Volume |
| 5.3¢ | 5.3¢ | 5.0¢ | $15.13K | 292.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 48491 | 5.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.3¢ | 64829 | 2 |
View Market Depth
| Last trade - 15.47pm 03/05/2024 (20 minute delay) ? |
|
|||||
|
Last
5.2¢ |
Change
-0.005 ( 3.70 %) |
||||
| Open | High | Low | Volume | ||
| 5.3¢ | 5.3¢ | 5.0¢ | 70720 | ||
| Last updated 13.41pm 03/05/2024 ? | |||||
| WAK (ASX) Chart |