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11.0¢ elixir energy limited

Ann: Funding for Grandis and Nomgon, page-107

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Insiderunner

6,268 Posts.

986

31/08/23

17:38

Post #: 69670677
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Originally posted by AC88: ↑

Definitely wasn't expecting this reaction and i was negative on EXR in the (high) teens given i thought funding would be an issue at the Tarroom.

At 6.5c, take-up of the SPP wont be substantial (read - nothing).

i guess then if you aim to raise $10m and get $7m then it may affect things given you raised 30% less than you thought - even at this discount.

the term sheet i saw had the $3m from the SPP to be allocated to Taroom, so i guess in a round about way....will they need to raise again?

Can't imagine debt, even if they do get the full R&D (and that is still an "if" as it needs to be formally approved), will be cheap.

I just think that if the Grandis project works well then this will bag from here...and thats our way back....7c will be a fraction of that future share price.

And if they only get $7m out of the $10.5m I'd rather that be spent in QLD than Mongolia - which has proven much more difficult than we hoped....and success in QLD will be so heavily rewarded and so topical given the activity in the area (infrastructure too!) and a gas crisis that isn't going away.....

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I think you’re wrong in assuming there won’t be a substantial take up of the SPP.

The “free” attached oppies @ 12cps with 3 years to maturity will sway many.

EXR Price at posting: 6.6¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 11.0¢		Change 0.010(10.0%)		Mkt cap ! $124.7M

Open	High	Low	Value	Volume
10.5¢	11.5¢	10.5¢	$109.0K	991.9K

Buyers (Bids)

No.	Vol.	Price($)
10	1161344	10.5¢

Sellers (Offers)

Price($)	Vol.	No.
11.0¢	57357	3

View Market Depth

No.	Vol.	Price($)
9	1118487	0.105
19	1403748	0.100
2	35550	0.099
2	54020	0.098
2	99668	0.097

Price($)	Vol.	No.
0.115	111500	3
0.120	230273	6
0.125	348000	3
0.130	65555	2
0.135	369909	4

Last trade - 16.10pm 26/07/2024 (20 minute delay)

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