..even the most glass half fulled investors must see that any rise in the stock price needs to be accompanied first by a de-risk of funding aspect and commissioning/production.
..and it would need to update its financial model with latest cost and price inputs to provide a more realistic projection of its Project NPV based on new production plans. Its current DFS has a NPV of $4.2B based on a US$1400/t price, this gives a price of circa $1.75; we will know soon how much this would be downgraded when the new model is completed.
..so we can't get ahead of ourselves expecting a re-rate back to $3 until we can get past the above hurdles. And as we know, the macro landscape for EV market has changed quite significantly (see my earlier posts).
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Last
$1.29 |
Change
-0.070(5.17%) |
Mkt cap ! $3.121B | |||
| Open | High | Low | Value | Volume |
| $1.35 | $1.35 | $1.28 | $8.822M | 6.711M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 101947 | $1.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.29 | 150507 | 63 |
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| Last trade - 14.51pm 30/05/2024 (20 minute delay) ? |
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Last
$1.29 |
Change
-0.070 ( 4.85 %) |
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| Open | High | Low | Volume | ||
| $1.34 | $1.34 | $1.28 | 2252937 | ||
| Last updated 15.12pm 30/05/2024 ? | |||||
| LTR (ASX) Chart |