Your right, they should now garner some decent insto interest and support.
There is an ETF fund called the SPROTTS Uranium Miners ETF. The specific criteria to gain entry to that fund is for the Uranium Resource company to attain a Market cap of 40 Million to be admitted into the fund.
I have read elsewhere that once accepted into this fund, the exposure received to high end investors is largely increased , giving such companies a much more liquid market with greater demand, thus driving the share price even higher. So once it is granted membership, the flow of cash from the ETF will put persistent upward pressure on the share price. All good for any Uranium company that meets the criteria.
For Infini to do so it only needs a share price at aprox 0.66 cents The other important aspect is that the Index is adjusted semi-annually after the close of business on the last trading day of March and September each year. This suggests that if I88's market cap > A$40m by September of this year then I88 will most likely be admitted to the Sprott Index with all the benefits that brings to its shareholders.
Further reading if you are interested.Sprott Uranium Miners ETF Investor Presentation (sprottetfs.com)
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Last
59.0¢ |
Change
0.020(3.51%) |
Mkt cap ! $24.77M |
Open | High | Low | Value | Volume |
57.0¢ | 59.0¢ | 57.0¢ | $92.99K | 161.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 56.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
59.0¢ | 4658 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 0.565 |
4 | 13094 | 0.560 |
4 | 59821 | 0.555 |
10 | 47551 | 0.550 |
2 | 24259 | 0.540 |
Price($) | Vol. | No. |
---|---|---|
0.590 | 4658 | 2 |
0.600 | 16667 | 1 |
0.615 | 5000 | 1 |
0.620 | 5421 | 1 |
0.625 | 1578 | 1 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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