Lake Suprise is also close to existing BHP assets and the strategy might be for a BHP takeover. There is a risk that Adavale just don't find anything and run out of money to continue drilling. I am not sure if Adavale applied for the BHP Xplor program but that is not necessarily a bad thing. Tanzania is a risk but continued BHP investment in Kabanga (US$100M) is helping with confidence. BHP’s purchase of a stake in Kabanga values the project at US$658 million. It is impossible to value Adavale at the moment but at US$50M, if they can find nickel, the SP would be around $0.14.
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- Ann: Financing Secured to Progress Kabanga Jirani Nickel Project
Ann: Financing Secured to Progress Kabanga Jirani Nickel Project, page-14
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.261M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 250000 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.2¢ | 9490002 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 250000 | 0.004 |
15 | 9407914 | 0.003 |
12 | 9305000 | 0.002 |
6 | 10000000 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.002 | 9490002 | 3 |
0.003 | 20235714 | 3 |
0.004 | 5147161 | 7 |
0.005 | 6291597 | 12 |
0.006 | 9058282 | 8 |
Last trade - 10.10am 29/07/2024 (20 minute delay) ? |
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