The deal was made when the SP was stagnant at circa 40c. And heavily oversubscribed.
CR dilution vs value created by increasing the resource size and financial security?..I know what all stock holders would prefer.
In regard to the rare earths bubble(not rare at all) and the applications for the minerals the demand was never going to be anywhere near what Lithium is, and will be. In fact you might find that Lithium age will in turn spark a increase in REES applications.
People who think renewable energy is a bubble lack the ability to think logically.
There will be unlimited ways in which renewable energy will be collected but only one way in which it will be stored.
Lithium battery storage will remain the dominant industry for the next 50years.
NPV vs Increasing Market Cap, page-40
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Last
$2.99 |
Change
0.010(0.34%) |
Mkt cap ! $9.000B | |||
| Open | High | Low | Value | Volume |
| $2.93 | $3.01 | $2.89 | $104.7M | 35.12M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11874 | $2.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.99 | 65336 | 3 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |