if the funding negotiations are in the hands of counter parties and subject to the speed at which they occur then the demerger of the water business may not be a priority. if the demerger is critical then notice to the shareholders would have already occurred to ensure everything is setup for future funding requirements of a Sunrise entity only. Sam did say "Counter Parties" - more than one party interested in the project.
Could a future partner want the water business technology to help offset any funding expenses or align it to their corporate strategy. If a car manufacturer was after the battery metals then I don't see the merits of why they would want a water business. But in the case of a battery manufacturer then synergies with water treatment technologies for metal recovery / treatment of waste streams then keeping the business together could have benefits for future partners.
Finally, the late rally in the share price was a promising sign of things turning around in a very short time could be a reality. I still believe a share price of $3.50-$4.00 is a more accurate reflection of the business valuation in the short term.
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33.0¢ |
Change
0.010(3.13%) |
Mkt cap ! $29.77M |
Open | High | Low | Value | Volume |
34.0¢ | 34.5¢ | 32.5¢ | $72.84K | 214.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 9387 | 32.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
34.0¢ | 3073 | 1 |
View Market Depth
No. | Vol. | Price($) |
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2 | 9387 | 0.325 |
1 | 1375 | 0.320 |
1 | 29168 | 0.315 |
1 | 8064 | 0.310 |
1 | 20000 | 0.305 |
Price($) | Vol. | No. |
---|---|---|
0.340 | 3073 | 1 |
0.345 | 120 | 1 |
0.350 | 200000 | 1 |
0.360 | 3000 | 1 |
0.400 | 1154 | 2 |
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