And who would buy that?
They haven't been able to secure any buyers other than Glencore for the final product, much less for an unfinished one.
Why do you think they entered into a binding agreement with Glencore despite not securing a financial agreement?
The most logical explanation is that they couldn't find any other interested parties, so they secured the offtake with Glencore and chose to take the risk, allowing Glencore to dictate the funding terms. And it turns out, they did just that and walked all over them.
This deal is full of rookie mistakes, in my opinion.
And who would buy that?They haven't been able to secure any...
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Last
17.0¢ |
Change
0.005(3.03%) |
Mkt cap ! $80.57M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.0¢ | 16.5¢ | $420.7K | 2.493M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 334361 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 259700 | 6 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| GLN (ASX) Chart |