The re financing does make a big difference and the indications are that the production costs appear to be finally getting under control.
For the share price to move substantially above 38 cents though and stay there I still think the company needs one quarter where they achieve full nameplate production and all of that production gets sold at a decent premium to what it cost to produce.
What it does give them is 2 years breathing space for the Lithium Price to pick up and that's a big positive.
Without the refinancing of that debt they would of been repaying around US$8M/10M per quarter for the next two years compared to the US$1.4M per quarter they now have to pay for the next two years.
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Last
$3.02 |
Change
0.040(1.34%) |
Mkt cap ! $9.092B |
Open | High | Low | Value | Volume |
$2.95 | $3.03 | $2.93 | $51.27M | 17.13M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 8812 | $3.01 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.02 | 3200 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 8812 | 3.010 |
4 | 31023 | 3.000 |
4 | 166506 | 2.990 |
8 | 231671 | 2.980 |
6 | 36544 | 2.970 |
Price($) | Vol. | No. |
---|---|---|
3.020 | 3200 | 1 |
3.030 | 60335 | 9 |
3.040 | 20197 | 5 |
3.050 | 138495 | 16 |
3.060 | 25130 | 6 |
Last trade - 16.10pm 26/08/2024 (20 minute delay) ? |
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