..even the most glass half fulled investors must see that any rise in the stock price needs to be accompanied first by a de-risk of funding aspect and commissioning/production.
..and it would need to update its financial model with latest cost and price inputs to provide a more realistic projection of its Project NPV based on new production plans. Its current DFS has a NPV of $4.2B based on a US$1400/t price, this gives a price of circa $1.75; we will know soon how much this would be downgraded when the new model is completed.
..so we can't get ahead of ourselves expecting a re-rate back to $3 until we can get past the above hurdles. And as we know, the macro landscape for EV market has changed quite significantly (see my earlier posts).
ASX Today, page-39534
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Last
$1.09 |
Change
-0.075(6.47%) |
Mkt cap ! $2.630B | |||
| Open | High | Low | Value | Volume |
| $1.15 | $1.15 | $1.08 | $18.84M | 17.04M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 32786 | $1.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.09 | 297856 | 7 |
View Market Depth
| Last trade - 16.10pm 11/06/2024 (20 minute delay) ? |
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Last
$1.09 |
Change
-0.075 ( 6.75 %) |
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| Open | High | Low | Volume | ||
| $1.15 | $1.15 | $1.08 | 3941888 | ||
| Last updated 16.10pm 11/06/2024 ? | |||||
| LTR (ASX) Chart |