CXO

5.10%

9.3¢ core lithium ltd

Yeah floor price guaranteed, pray we don't require it,...

First 24144 Last

Share
Profile

Follow
Yellowbunny

3,223 Posts.

1851

22/03/23

14:28

Post #: 66901327
Share

Originally posted by tinman9: ↑

I think the discussion lately around pricing can be answered here .

Core Lithium Managing Director Stephen Biggins said:
“I am delighted that the conditions underlying Ganfeng’s Offtake and Equity
Investment have now been satisfied and I welcome Ganfeng as both a Shareholder
of Core and a world-class customer.We look forward to working closely with Ganfeng
to deliver our Finniss Lithium Project.
“Following the Core Board’s positive Financial Investment Decision for Finniss’, our
focus now is to commence construction and safely deliver Australia’s next lithium
operation in line with our schedule to produce first quality lithium concentrate by Q4
2022.”
Offtake
The Offtake is for the supply and delivery of 300,000 dry metric tonnes of spodumene
concentrate at 75,000tpa from Finniss over 4 years. The Offtake provides for pricing
referenced to the market price for 6.0% Li2O spodumene concentrate, adjusted for actual
Li2O content, and includes an agreed floor price. The Offtake adds to the previously
announced binding offtake agreement with Yahua for 75,000tpa over 4 years. Together,
these agreements account for approximately 80% of Finniss’ production over the first 4
years of mine life.
The Offtake commences on the effective date of commercial production at Finniss and
will cease on the date that is 4 years after commencement of supply. The Offtake can be
terminated by Ganfeng if the effective date of commercial production does not occur by
1 December 2023. The Offtake otherwise contains provisions considered standard for
agreements of this nature.
The Offtake is now unconditional following satisfaction of the following conditions
precedent:
• Chinese regulatory approvals;
• Approval of the share placement by Core shareholders (received on 17 September
2021); and
• Core entering binding arrangements for a minimum total financing of no less than
$80 million, which was satisfied by an institution.

Some on this forum trying to create fear.

Expand

Yeah floor price guaranteed, pray we don't require it, otherwise we're in dire straights, its the ceiling price above the signed contract price, (we all want a decent $✓percentage back to the company) was then $750 UST to $1000UST when offtakes ratified.

A quick calculation BP33 (valued at US 5 Billion new resource update and growing rapidly) 10MT X 5000UST spot price = US 5 Billion $

CXO Price at posting: 80.8¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

CMX

ChemX Materials kicks off first stage works at WA high purity alumina pilot

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Microcap Wrap: 5 explorers with news out today

RCE

Recce's R327 found effective against E.coli during clinical trial

LRV

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

SVL

Silver Mines models five new calderas close to 396Moz Bowdens deposit

AVA

Ava Risk Group expands US presence with A$0.7M Substation Deal

LU7

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

There are more pages in this discussion • 14,760 more messages in this thread...

First 24144 Last

Add CXO (ASX) to my watchlist

(20min delay)
Last 9.3¢		Change -0.005(5.10%)		Mkt cap ! $198.7M

Open	High	Low	Value	Volume
9.9¢	10.0¢	9.3¢	$3.295M	34.70M

Buyers (Bids)

No.	Vol.	Price($)
7	365887	9.3¢

Sellers (Offers)

Price($)	Vol.	No.
9.4¢	883409	8

View Market Depth

No.	Vol.	Price($)
3	160000	0.093
8	228042	0.092
5	162000	0.091
15	566558	0.090
6	244301	0.089

Price($)	Vol.	No.
0.094	814846	6
0.096	114900	3
0.097	280988	2
0.099	510000	3
0.100	414411	8

Last trade - 16.10pm 28/06/2024 (20 minute delay)

CXO (ASX) Chart

Yeah floor price guaranteed, pray we don't require it,...

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Microcap Wrap: 5 explorers with news out today

Recce's R327 found effective against E.coli during clinical trial

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Ava Risk Group expands US presence with A$0.7M Substation Deal

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Yeah floor price guaranteed, pray we don&apos;t require it,...

Top Stories

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Microcap Wrap: 5 explorers with news out today

Recce's R327 found effective against E.coli during clinical trial

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Ava Risk Group expands US presence with A$0.7M Substation Deal

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Yeah floor price guaranteed, pray we don't require it,...