I’d like to hear Richard Seville’s take on this. Doesn’t seem to be a smart move at face value. Even at 42,000t/pa orocobre has a ~100year mine life from memory, so it seems crazy to buy advantage v drilling more wells, seems more like a cover up to allow cash burn and delayed profits and dividends. Listening to the half year call Martin struggled to justify the decision. I was shocked at a loss again in the half yearly I expected once we turned a profit it would be green for the foreseeable future. Good news is no hard rockers can make money at 5,000/tonne so the supply will dry up this year.
- Forums
- ASX - By Stock
- To acquire 100pc of Advantage Lithium Corp.
I’d like to hear Richard Seville’s take on this. Doesn’t seem to...
-
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AKE (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online