Ann: Trading Halt, page-13

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mileraFC

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09/11/22

16:03

Post #: 64674965
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Originally posted by setfire2thehive: ↑

Hindsights a perfect science when it comes to raising capital. obviously it was hoped that the REO news and wider market sentiment wasn't in the toilet and they'd be raising at a higher level today.

if they had of raised at 40c and the news knocked the shareprice out the park everyone would be saying they should have waited longer to raise.

25c is what I'm hearing around 4.5m. Also sounds like the book is already covered.

This will mean they have around 7-8m in cash, significant opportunity to drill out the graphite projects infill some stuff to have an indicative resource of kaolin-ree.

itm have mining and processing licence for campoona resource.

drill Lacroma and add that resource with campoona into a larger scoping study. in the background work on the resource delineation at sugarloaf which is at a scale to be global top 5 graphite resource.

from what I understand the kaolin-REO (unless the subsequent met results pivot the optic further) will underpin economic on kaolin production with a REO credit. I assumed tonnages Circa 1-2mtpa which makes sense if they've got a significant resource size. 50-100Mt. the process circuitry required to recovery the kaolin means REO can be precipitated as a by-product at little/no extra cost.

I have placed a bid in the raise. I think ITM is one of the best graphite plays in junior phase.

large large resource size
resource proven amenable for cspg
processing and mining licence already procured
based in SA close to RNU. a soon to be graphite hub.

RNU an excellent project, this could be what buying that was 2/3 years ago IMO.

the REO not dead yet but more likely a bulk scale kaolin project with REO credit.

SF2TH

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Less than 20% increase in shares, allowing them to seriously test the graphite opportunity in a highly prospective area and a market that is about to become very relevant.

Much prefer them to do this, than do a limited amount of drilling with current cash reserves and have to wait another 12 months with access to do more drilling.

Properly tests these targets now, and if they are successful, and sugarloaf mets are favorable, this raise will not even be relevant.

ITM Price at posting: 32.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 6.5¢		Change -0.003(4.41%)		Mkt cap ! $11.09M

Open	High	Low	Value	Volume
6.7¢	6.7¢	6.5¢	$41.82K	637.8K

Buyers (Bids)

No.	Vol.	Price($)
2	88113	6.3¢

Sellers (Offers)

Price($)	Vol.	No.
6.5¢	85636	1

View Market Depth

No.	Vol.	Price($)
2	88113	0.063
10	172384	0.062
3	108198	0.061
3	417226	0.060
1	17224	0.058

Price($)	Vol.	No.
0.065	85636	1
0.066	101956	2
0.069	13256	1
0.070	113929	1
0.071	69991	1

Last trade - 13.23pm 18/09/2024 (20 minute delay)

ITM (ASX) Chart

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Ann: Trading Halt, page-13

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