Completely agree with this. SP moves based on sentiment and value - while this confirms that it is going onto the next stage, it does nothing to actually tell us if it will work and it’s also what the market expected to happen at about this time. It’s still a good result, but it’s not like much value has been added by today’s announcement - aignificantly different to the building of a house (de-risking and proof of concept) or some binding agreement (profitability). Still great to see them on time and finishing this necessary stage, but there wasn’t anything more than that that wasn’t expected or adds significant value.
FBR Chart, page-3407
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Last
4.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $197.8M | |||
| Open | High | Low | Value | Volume |
| 4.1¢ | 4.3¢ | 4.1¢ | $253.4K | 6.024M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 1225791 | 4.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.2¢ | 513275 | 2 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| FBR (ASX) Chart |