Funding deals can take time to get set. Asian investors like to do face to face deals - I doubt this funding deal can get set by phone or email. Made more difficult with COVID if site visits to Argentina are necessary by the potential funders or Australian management needs to get to Asia.
As far as I can see, management has stuck to what it says it is going to do.
- Ponds are constructed
- Pilot plant performs to produce product to spec
- Customers happy with samples and independently tested to spec
- Permits in to scale up production
- Management being careful & tight with investors funds in the meantime
Management now needs to secure a reasonable funding deal and get the plant constructed
They have got us this far.
I'm comfortable with progress - but there still is a way to go - the plant will take time to build and commission - but this is the nature of this type of investment. The market cap is $53m - project has a forecast $399M NPV - so the upside is high - but patience is required
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Last
9.2¢ |
Change
0.011(13.6%) |
Mkt cap ! $133.9M |
Open | High | Low | Value | Volume |
8.4¢ | 9.6¢ | 8.3¢ | $761.7K | 8.626M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 14047 | 9.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.4¢ | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 14047 | 0.092 |
2 | 60000 | 0.091 |
1 | 9034 | 0.090 |
2 | 111235 | 0.089 |
1 | 7500 | 0.087 |
Price($) | Vol. | No. |
---|---|---|
0.094 | 10000 | 1 |
0.095 | 153809 | 2 |
0.096 | 20000 | 1 |
0.097 | 50000 | 1 |
0.099 | 500000 | 1 |
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