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….
DC really had no choice but to hold off on offtakes given...
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Mkt cap ! $254.1M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.5¢ | 10.0¢ | $161.6K | 1.602M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 1273362 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 3025666 | 46 |
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| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
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Change
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| Open | High | Low | Volume | ||
| 10.0¢ | 10.5¢ | 10.0¢ | 1441659 | ||
| Last updated 15.57pm 10/05/2024 ? | |||||
| RNU (ASX) Chart |