Can't recall Boffin off the top of my head, but I essentially took advantage of the Covid crash to buy a number of battery mineral companies that had a unique point of difference in terms of their geographic location, resource grade and ultra low carbon footprint/net zero production credentials.
Lithium then went onto 10X and Vulcan got pumped to an unsustainably high market cap for its stage of development and the subsequent rug pull on lithium prices brought the price back to earth. The reason I still hold is they will have dual revenue stream via geothermal electricity/heat & Lithium Hydroxide production giving them one of the lowest forecast OPEX of any producer with binding offtake commitments with VW, Stellantis, Renault etc for 5+ years. Furthermore, the location in Europe and net zero credentials mean they are very likely to get significant EU/State Gov't grants to help bankroll the CAPEX as evidenced by the recent shortlisting by the European Investment Bank for the 500 million Euro loan.
Apologies, i've prob gone into too much detail and look forward to discussing the delivery of RC220 hopefully this coming week or at least before the end of the month!
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Last
$1.65 |
Change
0.170(11.5%) |
Mkt cap ! $279.8M |
Open | High | Low | Value | Volume |
$1.48 | $1.65 | $1.46 | $479.4K | 307.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 950 | $1.63 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.65 | 11353 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 950 | 1.630 |
2 | 1100 | 1.620 |
2 | 9072 | 1.605 |
1 | 5000 | 1.600 |
1 | 2750 | 1.590 |
Price($) | Vol. | No. |
---|---|---|
1.650 | 11353 | 4 |
1.660 | 620 | 1 |
1.670 | 3000 | 1 |
1.700 | 35924 | 7 |
1.740 | 2663 | 2 |
Last trade - 16.10pm 03/06/2024 (20 minute delay) ? |
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Last
$1.63 |
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Change
0.170 ( 10.6 %) |
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Open | High | Low | Volume | ||
$1.48 | $1.65 | $1.46 | 54704 | ||
Last updated 15.57pm 03/06/2024 ? |
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RAC (ASX) Chart |