I estimate the 113m in receipts archive about in excess 70% gross margins..i think research/investment banks have accounted for massive drop in Lithium price.. if Lithium can remain above usd$3000 for spod conc.. I think you still achieve reasonable margins at revised unit costs around $1200/t.
i think prices can hold.. in FY24.. ie. China EV subsidies extended.. by 70bn.. GS had factored them ended.. China battery demand to improve reliability of their power generation I think that is going kick.. I think the drop prices is worries from softening China economy.. but the government is going to stimulate the economy to try avoid this
I estimate the 113m in receipts archive about in excess 70%...
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Last
11.5¢ |
Change
-0.005(4.17%) |
Mkt cap ! $246.4M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 11.5¢ | $465.5K | 3.896M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 97 | 6036045 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 1229405 | 37 |
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| Last trade - 14.46pm 14/10/2024 (20 minute delay) ? |
| CXO (ASX) Chart |