GREY:NMKEF - Post by User
Comment by
mick1888on Jun 26, 2020 9:16am
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Post# 31194369
RE:LiOH battery grade maintain price for Tier-1 customers
RE:LiOH battery grade maintain price for Tier-1 customersAnd this is exactly why there are
EIGHT bidders for this project. They can separate the 'wheat from the chaff' and already know the true value of NMX. Regardless of the agenda of 'that Minister', the market will determine the worth and IMO that will surprise many, especially if this goes to the auction stage of the process.
For me it is obvious that the Minister has a bias towards Pallinghurst (PL), and that through his comments he is assisting them in keeping current retail shareholders expectations down. That is all well and good if the PL bid wins outright in the first stage, and we then have to suffer a low share price offer. But that falls apart if there is good competition and the process progresses to the auction stage. And that is precisely what I hope happens on 30 June, PL and another going head to head, then we will see the real value NMX (and it will stay NMX).... ;-)
GLTA longs
TicTacTo wrote: US$14-15/kg, argumentation by minsiter that price crashing is bullshit to justify wiping out retails for new buddies in a private company