So they don't have to pay NMT or MIN for any lithium that is mined.
The mine would be theirs to do what they want with.
The take-or-pay agreement would then be ripped up.
NMT has the right to take 51% of anything produced from MT Marion from 2020. That means Gangfeng would then lose a significant supply of lithium. That's not good news in an industry where all customers are scrambling to secure supplies. I believe when NMT announced the sale of the 13.8% they retain, Gangfeng was interested but their shareholders knocked it back?
If NMT has started construction of a processing plant by 2020, NMT will need feedstock for the plant. We don't know what HNR will find & how long it will take to construct a mine or receive financing. Gangfeng would know of NMT intensions & needs to secure supply.
- Forums
- ASX - By Stock
- NMT
- Lithium Producer Ganfeng Climbs After Filing $1-billion Hong Kong IPO
Lithium Producer Ganfeng Climbs After Filing $1-billion Hong Kong IPO, page-5
-
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NMT (ASX) to my watchlist
|
|||||
Last
7.3¢ |
Change
-0.002(2.67%) |
Mkt cap ! $45.49M |
Open | High | Low | Value | Volume |
7.5¢ | 7.5¢ | 7.1¢ | $47.55K | 652.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6375 | 7.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.4¢ | 31534 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6375 | 0.073 |
1 | 31430 | 0.072 |
7 | 53030 | 0.071 |
2 | 100690 | 0.070 |
7 | 214887 | 0.069 |
Price($) | Vol. | No. |
---|---|---|
0.074 | 31534 | 1 |
0.075 | 47556 | 2 |
0.076 | 8361 | 1 |
0.077 | 64797 | 1 |
0.080 | 17006 | 2 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
Featured News
MND
Albemarle lithium downsize burns $200M hole in Monadelphous's pocket as latter's contracts terminated
TG1
TechGen Metals kicks off airborne geophys survey at Sally Downs copper play – a first for the permit
AVH
Avita boosts skin restoration product portfolio with 'dermal matrix' – a kind of next-level gauze made of fake skin
NMT (ASX) Chart |