Agree it will most likely lead to another leg down. Price has halved since the cap raise of $35M at $2.20. Proceeds will be used to fund the stage two expansion of manganese concentrate production from Butcherbird. Funds will also allow Element 25 to put a dedicated team in place to accelerate the flowsheet and plant design work to produce lithium-ion battery-grade manganese sulphate from the concentrate produced at the project. Perhaps a better description of the use of proceeds would have been " Funds will be used to cash flow operation until nameplate capacity is reached on Stage 1 " . JB needs to be very transparent with the market from this point on and not make any promises he can't fulfill - under promise and over deliver would be the right strategy at this point in time but not sure if it's in his nature to take this path.
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Ann: Revised Shipping Strategy Yields Substantial Cost Reduction, page-178
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Last
32.5¢ |
Change
-0.010(2.99%) |
Mkt cap ! $71.47M |
Open | High | Low | Value | Volume |
33.5¢ | 33.5¢ | 32.5¢ | $54.19K | 163.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 38626 | 32.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
33.0¢ | 114430 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 38626 | 0.325 |
7 | 87637 | 0.320 |
4 | 130161 | 0.310 |
7 | 68832 | 0.305 |
7 | 91299 | 0.300 |
Price($) | Vol. | No. |
---|---|---|
0.330 | 114430 | 5 |
0.335 | 5000 | 1 |
0.340 | 14000 | 3 |
0.345 | 51000 | 2 |
0.350 | 15715 | 1 |
Last trade - 10.49am 01/10/2024 (20 minute delay) ? |
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