Giovanni, Capex is THE biggest issue that this company faces in the race to production. If they solve this I would have greater comfort with the project. It's really my last big lingering question - but it is a vital question.
As long as I have been following them they have always said that capex would be at the lower end. However the announcement they put out about 18 months ago I think surprised investors with the capex requirement.
Chris Gilchrist was removed as CEO in May last year. This has since coincided with a period of inactivity/no real significant news for the company.
Personally, I think the management are going to be judged over the next 6 months with some of the timelines expected to be met.
I still think this is a great project....BUT ONLY if they have a plan to find the money to fund it (probably the same problem many businesses face)
Ann: Investor Presentation, page-6
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Last
1.4¢ |
Change
0.004(40.0%) |
Mkt cap ! $11.58M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.7¢ | 1.2¢ | $216.3K | 15.86M |
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| No. | Vol. | Price($) |
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| 2 | 746093 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 1.5¢ | 100000 | 1 |
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| Last trade - 16.10pm 17/06/2024 (20 minute delay) ? |
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Change
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| Last updated 15.59pm 17/06/2024 ? | |||||
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