In his words- he is technically de-risking all his assets and tying them up in a bow ready to flick the switch when the supply crunch comes. At Woodlawn nearly $400m pre production Capex has been spent. The restart capital is <$50m which will be debt funded and the holding costs are low and covered by BGL contract. It is literally now a free option on a higher Zn and Cu price. He doesn't want to rundown his inventory at current prices. Patience and timing if you believe the clean energy transition is going to crunch supply and lift prices soon.
In his words- he is technically de-risking all his assets and...
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Last
$1.98 |
Change
-0.135(6.40%) |
Mkt cap ! $509.6M | |||
| Open | High | Low | Value | Volume |
| $2.10 | $2.10 | $1.94 | $1.837M | 922.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 849 | $1.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.98 | 500 | 1 |
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| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| DVP (ASX) Chart |