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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3 | 135476 | 0.091 |
6 | 149155 | 0.090 |
4 | 261236 | 0.089 |
2 | 238409 | 0.088 |
Price($) | Vol. | No. |
---|---|---|
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0.095 | 110000 | 2 |
0.096 | 170000 | 2 |
0.097 | 475480 | 4 |
0.098 | 114588 | 3 |
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