I think we're agreeing with each other.
Simon said they have enough money to take them to finslisation of the FEED. But based on their own guidance, they won't have enough (only two quarters remaining until run out completely) to reach FID (even assuming banks change their mind).
The obvious risk is the company will raise at 5c (or thereabouts), netting just a couple of mill (which isn't even enough to keep the company going) at the cost of tremendous dilution to shareholders. Around this time is when predatory lenders start circling. I'm sure you've seen this happen to many resource companies in their final throes.
At the end of the day, I just don't think Sorby is the type of project that receives funding in this macro climate
- Forums
- ASX - By Stock
- BML
- BML Chart
BML Chart, page-2579
-
-
- There are more pages in this discussion • 260 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BML (ASX) to my watchlist
(20min delay)
|
|||||
Last
9.2¢ |
Change
0.006(6.98%) |
Mkt cap ! $21.47M |
Open | High | Low | Value | Volume |
9.0¢ | 9.6¢ | 9.0¢ | $29.77K | 317.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 66385 | 9.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.6¢ | 81299 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 49999 | 0.092 |
1 | 11494 | 0.087 |
2 | 150000 | 0.085 |
1 | 11500 | 0.084 |
2 | 65000 | 0.083 |
Price($) | Vol. | No. |
---|---|---|
0.096 | 81299 | 2 |
0.099 | 63405 | 2 |
0.100 | 7754 | 2 |
0.105 | 79800 | 3 |
0.110 | 555422 | 7 |
Last trade - 15.28pm 13/09/2024 (20 minute delay) ? |
Featured News
BML (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online