I just topped up. The share price is sitting at about 50% of the DFS NPV. Not unreasonable given the loss of market faith with management over the deterioration in key project metrics since the PFS and questions over the BoAs. If things turn around and management can regain some market confidence there is potential for the market cap to recover to 75% of project NPV if and when favourable financing is announced.
The problem with James is he commits the first cardinal sin of managing a listed public company; he over-promises and under-delivers. Hopefully a new chairperson will sort that out. It's easy to fix. The board cannot be surprised if they get a second strike at the next AGM.
Ann: Great White Kaolin Project - Definitive Feasibility Study, page-450
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Last
1.6¢ |
Change
-0.002(11.1%) |
Mkt cap ! $49.76M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 1.8¢ | 1.5¢ | $797.4K | 49.05M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 2397883 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 2031381 | 4 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| ADN (ASX) Chart |