My thoughts for what it's worth. It was quite the timely raise by Wildcat to have 94M in the bank to prove up Tabba Tabba when the Lithium price is in the toilet.
With Lithium prices down over 80% from previous year one could assume it is at or close to the bottom.
The downturn in prices will knockout the smaller higher cost production operations, large scale and long life mines will still be needed and points to new projects being top tier to attract finance and offtakes. With all 7 rigs spinning soon and the encouraging results so far from Leia, let's hope by the time Wildcat get the MRE out in ~6 to 8 months the Lithium price has recovered somewhat and a Tier 1 Lithium mine is announced.
As they say, bit of short term pain for long term gain. AIMHO.
Chart, page-389
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Last
26.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $319.7M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 27.5¢ | 26.0¢ | $1.271M | 4.793M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 758471 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 294085 | 3 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| WC8 (ASX) Chart |