GL with Molymess Kates, I've yet to see anyone, even the most optimistic, attempt to put together a scenario where it can get to cash flow positive and you'd have to think the recent CR would be the last opportunity to mine the market.
Given goodwill & intangibles + $1.8B liabilities it's very hard to see common stock retaining any value thru a restructure. The Q4 red ink will project into the current Q and without a viable business plan how long can the new cash keep the business afloat? 6 months?
Apart from the negative sentiment generally the relevance to PEK is what happens to Mt Pass? Does it's restructure kick open a small window of opportunity for another LRE deposit in a couple of years?
looks like next cr price has been revealed, page-71
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Last
10.5¢ |
Change
-0.005(4.55%) |
Mkt cap ! $32.17M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.5¢ | 10.5¢ | $126.2K | 1.141M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 751970 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 280460 | 2 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| PEK (ASX) Chart |