No, they're not getting finance based on selling into the spot market. Save that for any future plant expansion I think.
They've mentioned they hope to get prepayment to take care of some capex requirements. They're probably going to need $50 mill given inflation and wanting to keep some cash for ramp up issues etc. I hope prepayment eventuates. I think there's a lot of interest about atm. Time to convert it to someone signing on the dotted line for a good price exposed to market prices of hydroxide, with a floor price that keeps the joint profitable.
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Last
16.0¢ |
Change
-0.005(3.03%) |
Mkt cap ! $110.9M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 16.5¢ | 15.0¢ | $45.55K | 288.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 49846 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 23351 | 1 |
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| Last trade - 15.59pm 17/06/2025 (20 minute delay) ? |
| A11 (ASX) Chart |