I personally (imo only, not speaking for others) think the best entry for this stock from here is to see it clearing 2 out of the 3 i.e. offtake contract AND (bank loan OR SWF investment). That way, there's still some funding risk left while production still hasn't started, leaving still plenty of upside potential while effectively derisking the investment to as low as possible.
The risk as of now remains significant, not just funding risk, but management risk. Once 2/3 are satisfied, both risks are then lowered to minimal. Of course upside return is also lowered, but it's worth the wait (imo), because management has been very terrible so far and the funding risk at the moment can actually be bigger than what's commonly perceived.
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- Ann: Quarterly Activities/Appendix 5B Cash Flow Report
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-79
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Last
6.6¢ |
Change
-0.001(1.49%) |
Mkt cap ! $57.98M |
Open | High | Low | Value | Volume |
6.7¢ | 6.8¢ | 6.4¢ | $32.01K | 485.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 179 | 6.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.9¢ | 110000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 179 | 0.066 |
1 | 89000 | 0.065 |
1 | 5468 | 0.064 |
1 | 110953 | 0.063 |
3 | 110000 | 0.062 |
Price($) | Vol. | No. |
---|---|---|
0.069 | 110000 | 2 |
0.071 | 72075 | 1 |
0.072 | 50000 | 1 |
0.073 | 418053 | 3 |
0.074 | 50000 | 1 |
Last trade - 15.55pm 10/09/2024 (20 minute delay) ? |
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