My take on Sam's recent Crux Investor interview is that a bidding war for our nickel and cobalt may be presently underway and that a winner could emerge by mid year.
An equity stake of $600 million was indicated which is approximately 50% of the PEP NPV. Over the years Sam has mentioned discussions with VW on numerous occassions which may be indicative of our preferred partner. My understanding is that VW batteries
were to comprise Russian nickel. With that supply now being at risk of sanctions, Sam may have seen an opening to further promote our significant resource, our proposed low carbon footprint and superior esg credentials.
I think that we now have a fallback position, but have left the ball in VW's court. Will they come and play with us?
Bidding War
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Last
38.5¢ |
Change
-0.025(6.10%) |
Mkt cap ! $34.73M | |||
| Open | High | Low | Value | Volume |
| 38.5¢ | 39.0¢ | 38.5¢ | $11.50K | 29.69K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14870 | 38.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 9879 | 1 |
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| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| SRL (ASX) Chart |