Yeah, definitely not concerned by this CR either. JP in the last 3 years has proven that his capital management skills were as good as his technical skills. We have 15 million in the bank and only increased our capital in the last 6 months thanks to the Options conversions.
It has to be big for JP to consider it. I'm thinking accelerated drilling program in HMW and Candelas simultaneously to increase the reserves significantly and improve the numbers for DFS (HMW) and PEA (Candelas). I don't know if JP really wants to fast track Greenbushes for now but wouldn't mind if he does
The other thing could be that the CR is linked to a sale of concentrate as he mentioned many times in his presos? Could be Gangfeng putting some serious money to fast track extraction of concentrate and get their first batch ASAP?
CR was definitely not expected that early but with 15 million in the bank, I can't see how this CR could be negative, JP is too smart to just to a CR to please instos because they have been knocking at his door, we all know he has a plan in mind!
Ann: Trading Halt, page-33
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Last
14.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $73.46M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 7 | 271268 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 1006621 | 5 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| GLN (ASX) Chart |