IMO they have spent all they are going to on DLI at this point. They have a position at the table now. And will have a huge say in what DLI do in the future. Only 2 months ago Yinni results put us above the MIN buy in price.
The volume is so low. Looks like everyone is sitting still at present. Yinni needs to provide another positive lead shortly. I’d Bald Hill is worth what MIN and Glencore have been rumoured to put forward than one can argue DLI is significantly undervalued at present in Mt Ida alone.
Most Li explorers seem to be suppressed atm. Yet the big end of town is finding the $$$ for consolidation.
Is the suppression a strategy for accumulation? It has proven quite successful of late.
If you believe Yinni is as good as Flano makes out then a softer SP is a positive. I’ve been buying more at this level given it has been my average buy price for the past 6 months.
GL
Delta Lithium General Discussion, page-1441
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Last
33.0¢ |
Change
0.005(1.54%) |
Mkt cap ! $235.4M | |||
| Open | High | Low | Value | Volume |
| 32.5¢ | 33.5¢ | 31.3¢ | $336.9K | 1.041M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 28450 | 33.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.5¢ | 28123 | 2 |
View Market Depth
| Last trade - 16.10pm 09/05/2024 (20 minute delay) ? |
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Last
33.0¢ |
Change
0.005 ( 3.13 %) |
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| Open | High | Low | Volume | ||
| 32.5¢ | 33.0¢ | 31.5¢ | 140300 | ||
| Last updated 15.59pm 09/05/2024 ? | |||||
| DLI (ASX) Chart |