The other important questions and answer for me related to the loan guarantee. What we got from MG with certainty is that 1. GLE are interested in applying; and 2. The terms of the loan guarantee are not that impressive (e.g. cost of funding and strings attached).
Most importantly this says that GLE is interested in commercialising (if that was someone’s concern) and it confirms my previous posts as at least being plausible. In negotiating with the DOE, GLE want government concessions and as part of the process GLE put Wilmington on hold. Furthermore we heard that MG was over in the USA the closing week of the submissions for the parameters of the loan guarantee. It seems very likely that he was there making a case to the DOE as to why there should be greater concessions as part of the loan guarantee.
The share price is volatile and may relate to that fund still exiting its position. With $66M in the bank and cash burn massively slashed, we are not far from the absolute bottom anyway.
I can start to see all the pieces coming together. As Hannibal says “I love it when a plan comes together!”
I am the Iceman
The other important questions and answer for me related to the...
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Last
$5.16 |
Change
-0.090(1.71%) |
Mkt cap ! $1.224B | |||
| Open | High | Low | Value | Volume |
| $5.23 | $5.23 | $5.03 | $1.976M | 385.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 455 | $5.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.17 | 1306 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| SLX (ASX) Chart |