Really disappointed with the state of play here. I looked up the last 100M CR, IMO after successful share placement notification there were 3 major announcement - 1st DSO shipment, drilling results and Primero contract award. The SP we all know went from $1 to ATH.
This capital raise has $20M SPP component so according to timetable will complete by mid-Sept. I think the SPP can close earlier if there is strong SH interest. Once that is done, we can expect some significant announcement - Next spodumene shipment, firn update, drilling results, BP33 contract award and most importantly DMS recovery update. I also think Carlton may double in resource exceeding BP33 (will see how my 1st prediction works lol)
There is also significant increase in short % for 17/8 (32.5M) and 18/8 (11.8M). Overall short position could reach well in excess of 244M ie ~13%. Remember all these need to be bought on market assuming none were taken in recent capital raise.
Its a bottom draw hold for me....
Really disappointed with the state of play here. I looked up the...
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Last
16.5¢ |
Change
0.010(6.45%) |
Mkt cap ! $352.5M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 16.5¢ | 15.0¢ | $4.670M | 28.73M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 1230423 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 5304233 | 39 |
View Market Depth
| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Last
16.3¢ |
Change
0.010 ( 5.59 %) |
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| Open | High | Low | Volume | ||
| 15.3¢ | 16.5¢ | 15.0¢ | 7806096 | ||
| Last updated 15.59pm 17/05/2024 ? | |||||
| CXO (ASX) Chart |