Thanks Bradley
here's a few interesting snippets from the October 2022 announcement, i haven't kept up on these developments but they seem quite promising.
Key MOU terms include:
o Offtake arrangements covering75-100% of production for an initial period of 7
years
o Technical co-operation and support
o Potential for a project level investment by Shenghe
o Shenghe right to nominate a Director to the Peak Board subject to a minimum
shareholding of 10%
• Shenghe’s strength as a partner:
o Large internationally active rare earth company
o Listed on the Shanghai Stock Exchange with a market capitalisation of US$3.8 bn
o One of the largest importers of rare earth concentrate into China
o Strong expertise in processing bastnaesite mineralisation
o Offtake, strategic co-operation and an approximate 7.75% shareholding in
NYSE-listed MP Materials, the largest rare earth company outside of China
•Peak and Shenghe to commence negotiations on a legally binding offtake
agreement to support project financing
http://research.iress.com.au/IDS/old/20221019/02584359.pdf?uid=BC04CA7E49E615192E787A303D9AA48BA4650000FAAF109C3306E640093D250091850000&ppv=
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Last
19.0¢ |
Change
0.005(2.70%) |
Mkt cap ! $50.62M |
Open | High | Low | Value | Volume |
18.5¢ | 19.5¢ | 18.0¢ | $26.85K | 145.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 345110 | 18.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.0¢ | 25789 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 345110 | 0.180 |
5 | 116924 | 0.175 |
7 | 224336 | 0.170 |
2 | 12500 | 0.165 |
1 | 5000 | 0.160 |
Price($) | Vol. | No. |
---|---|---|
0.210 | 25789 | 2 |
0.215 | 1364 | 1 |
0.225 | 13300 | 1 |
0.230 | 5764 | 1 |
0.240 | 20000 | 1 |
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