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
8.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $223.6M |
Open | High | Low | Value | Volume |
9.0¢ | 9.1¢ | 8.7¢ | $232.0K | 2.620M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 60000 | 8.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.0¢ | 398389 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 60000 | 0.088 |
8 | 278952 | 0.087 |
9 | 1495633 | 0.086 |
29 | 1097307 | 0.085 |
7 | 777201 | 0.084 |
Price($) | Vol. | No. |
---|---|---|
0.090 | 398389 | 6 |
0.091 | 367678 | 6 |
0.092 | 380000 | 3 |
0.093 | 346534 | 4 |
0.094 | 240000 | 1 |
Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
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