I guess the point is, that everyone above 40-55c candle bought in with the view of what could be, for adina.
And that has been de-risked.
While the price of lithium has come back, i dont think we can use that price reduction pro rata linear to offset forward projections.
Because the price a predator will pay, comes from a mature MRE, de-risked that benefits their end game.
Hence the margin is not so important, as the solidifying of their supply chains. And that is where the $$$ are worth to them.
I guess the point is, that everyone above 40-55c candle bought...
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Last
52.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $112.4M | |||
| Open | High | Low | Value | Volume |
| 57.0¢ | 57.0¢ | 50.5¢ | $335.7K | 628.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 34535 | 50.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 52.0¢ | 40976 | 2 |
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| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| WR1 (ASX) Chart |