mbot - ssshh! Am continuing to accumulate . A newbie to the story but not to lithium. Had a decent position in another explorer with a good asset - and still hold a few of them - but am switching to this with these top of mind thoughts:Very compelling indeed.
- I very much prefer VUL management and technical team and the collective skill set (Alex Grant from Lilac among others is one of many).
- Asset location - Germany of all places - is brilliant, especially after Covid -19 and the inevitable stepping away from reliance on China. There's a real point to prove there. Also, Covid-19 has highlighted the risks and delays of travel planning to remote places e.g. in South America. Plus I'd rather be investing in a treatment plant in Germany than just about any other place in the world. Then there are governance issues and the reliability and predictability that flows from that. Multi-dimensional positives in this location basket..
- The electric vehicle movement has barely started (without even taking account of any talk about zero emissions for this project).
- Energy costs are a potential big deal in the process but the heated thermal brine seems to me to be a big potential cost saving (without even taking account of possible energy sales into the grid).
- Great capital structure, with management (esp. MD heavily vested in success of share price). Not too much paper even after next cap. raising (which I would imagine would find willing, steady hands given that this story is just at the start of the curve).
- Incentive options for management etc. priced well above the market add strong incentive to get the share price up, not just receive wages.
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Last
$3.92 |
Change
-0.140(3.45%) |
Mkt cap ! $737.6M |
Open | High | Low | Value | Volume |
$4.00 | $4.14 | $3.86 | $1.947M | 491.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 250 | $3.87 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.95 | 2500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 3600 | 3.820 |
2 | 7775 | 3.800 |
2 | 5260 | 3.790 |
1 | 2000 | 3.780 |
2 | 2500 | 3.750 |
Price($) | Vol. | No. |
---|---|---|
3.950 | 2500 | 1 |
3.970 | 2500 | 1 |
3.990 | 1600 | 1 |
4.000 | 5900 | 2 |
4.010 | 20750 | 2 |
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Simon Kidston, Non--Executive Director
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