IMHO 100% committed offtakes beats 20% committed offtakes hands down... unless you expect the prices in the future to be better than LME prices... in which case you don't need to be the first to produce... you can be 2nd or 3rd and still reap those better prices going forward (it is complete contrast to your first post which points out first mover advantage).
I don't think it is a strategy to maintain a sizable % of production uncommitted... it is that he has not yet found enough buyers that is willing to commit at an agreed price.
No doubt there will be lots of buyers... it is just price that needs to be at a level where both parties can make some cream.... which is why the BFS is going to be critical for punters to know what that price (assumption) is.
- Forums
- ASX - By Stock
- Why Speed to Production Matters
IMHO 100% committed offtakes beats 20% committed offtakes hands...
-
- There are more pages in this discussion • 17 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 SRL (ASX) to my watchlist
(20min delay)
|
|||||
Last
41.0¢ |
Change
-0.005(1.20%) |
Mkt cap ! $36.99M |
Open | High | Low | Value | Volume |
42.0¢ | 42.0¢ | 39.5¢ | $16.51K | 40.65K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 728 | 40.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
42.0¢ | 13505 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 728 | 0.405 |
2 | 37971 | 0.395 |
3 | 15950 | 0.390 |
1 | 13333 | 0.375 |
2 | 31428 | 0.350 |
Price($) | Vol. | No. |
---|---|---|
0.420 | 13505 | 1 |
0.435 | 2689 | 1 |
0.475 | 1100 | 1 |
0.480 | 21250 | 2 |
0.500 | 31363 | 3 |
Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
Featured News
SRL (ASX) Chart |
The Watchlist
TON
TRITON MINERALS LTD
Adrian Costello, Executive Director
Adrian Costello
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online