The market is awaiting several things which are due imminently:
A JV annoucement - almost certainly with LKAB and/or Mitsui
Offtakes - potentially with numerous battery / auto cos. Freyr and Farasis being two that have MOUs in place but according to MT many more are qualifying the product right now.
These announcenents will move the needle, and likely to be in a substantial fashion. Provided the JV terms are favourable I believe it will move upwards but there is some risk we may have to give away a larger than expected chunk of the project in exchange for the needed ching ching.
Until then, we wait.
Price, page-10
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Last
41.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $168.1M | |||
| Open | High | Low | Value | Volume |
| 42.0¢ | 42.0¢ | 40.5¢ | $313.2K | 762.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 529 | 43.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.0¢ | 2501 | 1 |
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| Last trade - 15.59pm 09/08/2024 (20 minute delay) ? |
| TLG (ASX) Chart |