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7.4¢ carbonxt group limited

If the plant build is on track and we’re in May 2023 and...

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rvbird

364 Posts.

45

24/10/22

12:07

Post #: 64357599
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Originally posted by baird: ↑

any forward projections are dependent on one factor

that being their capability of actually getting this new plant past the first base

will there even be enough cash left ,before the make the first tonne , that is the question

shareholders need an assurance that another capital raise will not be required , we think at least one will be required
they do not have nearly enough funds to get to that point
and lenders will not be forgiving when that clause is violated

there are a lot of hurdles before they even get to production

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If the plant build is on track and we’re in May 2023 and production is about to commence, the SP will be well above 24c. Particularly if the general market is recovering. Options will then be exercised bringing in another $5m.

CG1 Price at posting: 9.8¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 7.4¢		Change 0.000(0.00%)		Mkt cap ! $24.04M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	10000	6.7¢

Sellers (Offers)

Price($)	Vol.	No.
7.4¢	148	1

View Market Depth

No.	Vol.	Price($)
1	10000	0.067
2	66153	0.065
1	1800	0.062
2	58335	0.060
1	100000	0.040

Price($)	Vol.	No.
0.074	148	1
0.080	50000	1
0.090	100000	1
0.099	100000	1
0.130	63000	1

Last trade - 16.12pm 29/04/2024 (20 minute delay)

CG1 (ASX) Chart

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