It's entirely possible that the seller saw this as a great opportunity to recoup some of the billions they spent developing a technology that doesn't work and found a chump buyer who are desperate to get a foothold into lithium
Now RIO are sitting on a large resource with an extraction technology that doesn't work. RIO may see the potential of lithium but they are not known for their chemical processing tech. Time will tell but they could be spending a bunch more before they produce any meaningful amount of lithium. Maybe should have stuck with blowing up rocks - they are good at that
Meanwhile, AGY producing in 6ish months
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Open | High | Low | Value | Volume |
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19 | 2322844 | 0.034 |
11 | 1335333 | 0.033 |
3 | 920000 | 0.032 |
5 | 1039333 | 0.031 |
Price($) | Vol. | No. |
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0.037 | 1652775 | 8 |
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