With all due respect, from a chart perspective, until we break 0.019 resistance, any movement within the channel means absolutely nothing, whether there's a crossover or it's "ready to pop".
Reality is, it moved lower from a 6 month accumulation zone (blue) to another tight ranging zone (red), the only positives are the volume spikes which signal buying interests at these levels.
AEV has A$3.2m in the kitty as of last quarter. At current cash burn they simply don't have enough to pay Aleees U$2m (cash or shares) by end of December. CR for cash or stock either way a substantial dilution is on the way and we all know that.
The main catalysts remain the same:
- Positive DSO FS @ Wonarah for ST cashflow
- New JV partner with big pocket to fund LT LFP project
Without the above de-risking factors, I don't see SP appreciating regardless of who they hire / what they announce.
Ofc my opinion only, happy to be proven wrong.
Hez
LFP battery/Phosphate news, page-1298
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Last
1.1¢ |
Change
0.001(10.0%) |
Mkt cap ! $29.74M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.1¢ | 1.0¢ | $4.126K | 412.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 142059 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 4589025 | 6 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| AEV (ASX) Chart |