FAU 0.00% 0.3¢ first au limited

Ann: FAU to Acquire 100% of Prospective Lithium Project in Ghana, page-11

  1. 870 Posts.
    lightbulb Created with Sketch. 363
    As to whether it is the right time or wrong time for a lithium acquisition, if you are a buyer of a project and interested in the long term, almost certainly better to be buying now (when the lithium market is in the doldrums) than a couple of years ago when prices were so high. I think lithium will almost certainly return - just a question of time. As to market valuation, this project does not look much different to the transaction that TYX recently did (just over a year ago) in Angola for a lithium project, and they now have a market cap of around $50m, up from around $3m.
    FAU has a market cap of $5m and is in the same position TYX was back then. I don't see much obvious difference between the projects or their state of advancement. Most holders would be very happy to see our market cap increase from $5m to 10 times that, or even 5 times, or even 2 times that.
 
watchlist Created with Sketch. Add FAU (ASX) to my watchlist
(20min delay)
Last
0.3¢
Change
0.000(0.00%)
Mkt cap ! $4.155M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
40 33923665 0.2¢
 

Sellers (Offers)

Price($) Vol. No.
0.3¢ 10808232 5
View Market Depth
Last trade - 16.12pm 27/06/2024 (20 minute delay) ?
FAU (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.