JV by definition means 50% of previouly advised expected revenue. Circa 14 5m before costs i believe. If a jv then partner I assume will have the tolling plant/ smelter maybe all they are providing is that plant and POS needs to freight ore to Kal so net revenue a bit less than 13m.
The last CR was to my memory to restart the plant. Looks like we will need a further CR to actually restart which is disappointing given the time delays.
With cornerstone investors selling down who will put new cash in? Retail will need a good news story to commit IMO.
Expected Upcoming Capital Raising by POS, page-9
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Last
0.6¢ |
Change
0.001(20.0%) |
Mkt cap ! $25.22M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.6¢ | $25.55K | 4.259M |
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| No. | Vol. | Price($) |
|---|---|---|
| 36 | 17019881 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 9886179 | 13 |
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| POS (ASX) Chart |