completely agree ddzx - as an SO4 holder I'd prefer them to buy TMG (assuming progress continues to be positive of course) for a fair price than to develop their own much lower grade lakes (after Lake Way of course). And I think it makes sense for the sector and Australia as a whole to develop the higher grade resources first (certainly from an environmental perspective anyway).
it would obviously reduce the returns available to TMG holders (myself included) in the longer-term, but should still be a very decent return from here - I haven't looked into what you could justify spending on a higher grade asset in order to avoid the increased capex requirements associated with lower grade ones, but it's probably a multiple of TMG's current price.
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completely agree ddzx - as an SO4 holder I'd prefer them to buy...
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Last
0.8¢ |
Change
-0.001(11.1%) |
Mkt cap ! $3.744M |
Open | High | Low | Value | Volume |
0.9¢ | 0.9¢ | 0.8¢ | $289 | 35.45K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 1870000 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 2499999 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 1870000 | 0.008 |
8 | 1101120 | 0.007 |
2 | 663482 | 0.006 |
3 | 1500000 | 0.005 |
5 | 2000250 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 2499999 | 2 |
0.010 | 1421998 | 5 |
0.011 | 635810 | 4 |
0.012 | 1087312 | 4 |
0.015 | 1104171 | 3 |
Last trade - 15.12pm 19/08/2024 (20 minute delay) ? |
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