they’ve been looking at debt and other instruments to fund the mine. they probably haven’t been looking to raise as they have had enough cash to pay the wages and know if they raised just to keep the lights on it wouldn’t be a good look.
but it appears as though debt ain’t gonna work. i’d say that’s obvious
my guess is they’ll try raise the $100 - $150M via equity…maybe in tranches. if they can get real offtake that’s possible.
i dunno how LIKELY it is…but it’s certainly possible
ADN CHART, page-5567
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Last
0.9¢ |
Change
0.001(12.5%) |
Mkt cap ! $30.54M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.9¢ | 0.8¢ | $22.74K | 2.788M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 12668989 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 22835958 | 21 |
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| Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
| ADN (ASX) Chart |