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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9.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $241.4M |
Open | High | Low | Value | Volume |
9.4¢ | 9.7¢ | 9.3¢ | $185.4K | 1.949M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 66477 | 9.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.6¢ | 39013 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 66477 | 0.094 |
5 | 429598 | 0.093 |
3 | 122099 | 0.092 |
2 | 65000 | 0.091 |
7 | 94211 | 0.090 |
Price($) | Vol. | No. |
---|---|---|
0.096 | 39013 | 1 |
0.098 | 300000 | 1 |
0.099 | 187499 | 3 |
0.100 | 139693 | 6 |
0.105 | 1252552 | 19 |
Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
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