Good point luanboo and perhaps one that was lost on one or two investors that sold recently.
The initial offtake was perhaps one of the best in its generosity with a master stoke of a prepayment for the majority of the capex required to get into production. THAT cannot be taken away and is still a godsend that any debt remains at very low levels.
Now with the Burwill exclusivity clause banished, the remaining and future expanded production up for grabs is a highly strategic move that will soon see Alliance cement it’s future in a growing vertically integrated lithium mine to cathode market.
We should see further resource increases before the end of FY and also CY that will bolster investor confidence in Alliance and its plans for its fines circuit and second DMS plant.
At 20c and below I simply can’t believe the luck we are having picking up shares here. It won’t last so have fun while you can.
A40 Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held