The faux selling should evaporate 5th August IMO. The mob that stumped up $110m get their 75m shares at a 30% discount to vwap the day after tranche 1 finance is drawn down, which should be 4th August. I'm expecting a little run once that is cleared, probably low 20'c, then a ramp up to 30c in December/Jan as we approach production and sales.
Getting a stake in upstream processing and/or a study that confirms we can go to 450kt within say 3 years could be catalysts for more upside.
Any way you look at it, from here, all the "risk" is to the upside. A nice risk to have if you are a holder
AJM Chart, page-747
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Last
2.9¢ |
Change
-0.001(3.33%) |
Mkt cap ! $7.852M | |||
| Open | High | Low | Value | Volume |
| 2.9¢ | 2.9¢ | 2.9¢ | $1.062K | 36.63K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 496179 | 2.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.9¢ | 116640 | 1 |
View Market Depth
| Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
| 1MC (ASX) Chart |