Probably just trying to get them up to .10. Liquidity isn't an immediate concern, they have that financing arrangement with Acuity Capital for up to $4.5 million over the next 29 months and a chance to pick up nice cash from those outstanding options in 2018.
Plenty of time to get those JORC results and to do some deals.
A very "reasonable", even conservative, Analyst Report coming up with 44 cents per share from a "valuation" of $1,552 per hectare with an assumption of 50% holding resources.
Fits my rough idea on what this IS worth NOW apart from what it's overall potential just might happen to be.
Management knows how to work all sides of this company's needs. Very comfortable.
re valuation for this stock, page-30
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Last
4.2¢ |
Change
-0.002(4.55%) |
Mkt cap ! $70.91M | |||
| Open | High | Low | Value | Volume |
| 4.3¢ | 4.4¢ | 4.1¢ | $93.20K | 2.207M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 1241446 | 4.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.2¢ | 790024 | 7 |
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| Last trade - 13.06pm 09/10/2024 (20 minute delay) ? |
| LKE (ASX) Chart |