DC really had no choice but to hold off on offtakes given receding prices. He had confidence I believe, as opposed to hope, that prices would increase due to increased demand and borderline loss-making China production. this perception on future pricing was clear in DFS and last ASX announcement on progress.
Given the China export ban he now has a catalyst albeit maybe sooner than he expected, so I would prefer he bides his time now, a little, even if it means DFS timeline not met, to get absolute best partners for downstream and best pricing now with offtakes as we have the negotiating leverage and there’ll be a lot of competition to get RNU supply from tier 1 partners.
Too much value squandered by rushing into offtakes just to meet DFS timelines.
is DC a poker player? He’s played this perfectly so far….
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Last
8.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $203.3M |
Open | High | Low | Value | Volume |
8.0¢ | 8.1¢ | 7.8¢ | $213.5K | 2.688M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 224115 | 7.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.0¢ | 493457 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 224115 | 0.079 |
17 | 2539845 | 0.078 |
22 | 1106150 | 0.077 |
16 | 645925 | 0.076 |
22 | 988638 | 0.075 |
Price($) | Vol. | No. |
---|---|---|
0.080 | 493457 | 3 |
0.081 | 619561 | 6 |
0.082 | 1020000 | 2 |
0.083 | 200000 | 1 |
0.084 | 251830 | 5 |
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