The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Over the summer people baulked at 1bn.
Still think the new mining approach should have been decided yonks ago, last year if it made so much sense. I don't see it as positive, yes reduced costs and payback of 2 months. But imo that's probably because financing was an issue and it needed to be reduced. Reduced tonnage for 3 years too.
He thinks there's a big enough target on his back though lav, that's his words. If it was so sure, I wouldn't say that.
Loads of mining finance companies too, but they all need insurance don't they? Then it funnels up and the go ahead lies in the hands of a smaller group.
My thought when I heard the different funding requirement of 65 million was that they couldn't get the full 150 mil approx. That's why a different approach was needed. Plus Steve was very positive, not in synch with BA who reminded him that there was a big target on their backs re funding.
Hi Elco, the $474 costs are all including the transportation. So I did $1080 - 474 X 238,000 X 8.5
Then less 7% discount rate, divided by total shares 16,900,000,000.
Would you or anyone know how the NPV of 760m is calculated?
Laverda, thanks agree. So, I think the chances of Suay Chin passing up if someone else bids (right up to the current $5000 per ton price) are slim. The major mining companies to secure the lithium might well be looking at buying out the company, an offer of $1080 per ton for the 8.5 years, less the 7% discount rate brings it at just over $1bn, similar money to other recent deals posted on here recently. That would be around 6p a share.
It looks like Suay Chin will have first refusal for at least 80%, I'm guessing at $1080 the updated FS price, then if anyone else bids they can match the price. But no formal agreement. So essentially just a relationship at the moment..needs some serious offers now
With each passing 6 months we're missing out on $250m in sales and possibly rising. And potential dividends. Waiting and waiting for a lump sum doesn't make sense in that light.
The 3m is to expedite the DFS at pace. I hope it comes soon with financing right after, with no delays on further exploration of the resource.
Let's develop what there is now and turn that into revenue.
Firefinch shares nearly tripled in the six months after their JV announcement. And they'll be in production getting real sales and revenue from increased price spod quicker than us. Only thing they didn't get is a lump sum, fair play if KOD get it, but real revenue from sales is what Firefinch went for.
The upside is that they got their financing in place last year and will be ready to take advantage of the high spod price when they bring the product to market. Whereas we have rejected offers and are holding out it seems. 6 months wait and then a raise also hasn't gone down well