Well there's the explanation for the share price appreciation. A cap raise to effectively get Stage 1 of the ore business working properly, after the company repeatedly told us that the business was funded THROUGH STAGE 2! Absolutely unreal.
As for the DFS and off takes being imminent - well company obviously doesn't think they're imminent, or thinks they'll do nothing for the share price. Why else would you raise 6 weeks before the deadline for release of the DFS?? Mind boggling
Before one of you zombies write back saying "baTTEry meTAls sEll YoUR shaRES" - trust me I will on the next pump. With small caps managerial competence and transparency is the precondition to success. No signs of that here.
Ann: Trading Halt, page-18
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22.3¢ |
Change
0.003(1.14%) |
Mkt cap ! $48.93M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 23.5¢ | 22.0¢ | $6.632K | 29.17K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 149833 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 1722 | 1 |
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| E25 (ASX) Chart |