I hope he is kicking himself now! Binding agreement was for 4yrs from 2023 but he wanted to generate more value for the shareholders instead he has done the opposite!
Where are those returns? That arrangement may have helped get through this period and what a mistake! Hindsight is easy, but this was a gift, and he thought his boots were bigger! Mcquarie is also partly to blame as they were predicting a spodumene concentrate rate of $4500 USD/mt for FY2023 and beyond and its now only $1100 USD/mt, that would have influenced decisions for sure! Any deal with a major at that point would have kept shareholder value and made us more stable in the market!
I hope he is kicking himself now! Binding agreement was for 4yrs...
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Last
15.0¢ |
Change
-0.005(3.23%) |
Mkt cap ! $320.5M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 15.8¢ | 15.0¢ | $929.4K | 6.061M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 111 | 5102993 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 1178923 | 33 |
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| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
15.5¢ |
Change
-0.005 ( 1.52 %) |
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| Open | High | Low | Volume | ||
| 15.8¢ | 15.8¢ | 15.0¢ | 3121418 | ||
| Last updated 15.59pm 21/05/2024 ? | |||||
| CXO (ASX) Chart |