The third tranche of US $10m (A$15m) is due in August.
To date the company has had no difficulties in securing funds for the previous two payments and additional funds for mine development requirements.
I can only assume that the next CR will come from offtake agreements.
The static shareprice is most likely due to institutional investors waiting for security of funding and MRE announcements. I expect news will flow over the next 2-3 weeks. This should then propel the shareprice well over the 50c levels.
As a long time and long term investor I have time on my side and not concerned with daily fluctuations as long as the trend is upwards.
Third Tranche
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12.0¢ |
Change
0.005(4.35%) |
Mkt cap ! $138.3M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.0¢ | 11.5¢ | $28.52K | 242.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 461233 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 316675 | 7 |
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