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10.0¢ akora resources limited

Whats the other company you are interested in if you don't mind...

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Burty85

2,707 Posts.

1838

18/04/23

15:29

Post #: 67336053
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Originally posted by thecrabpest: ↑

I have been VERY tempted to buy more, but I have identified an opportunity with another company, and they have an announcement imminent, so I am invested there.

If that comes through as I expect, I will be allocating a portion of those funds to the upcoming raise here.

Thinking about the upcoming raise, Paul mentioned 3 possible amounts / scenarios in the Crux Investor video, and here is what those amounts would do to the shares on issue (SOI) if the raise is done at different amounts.

Obviously $1.5m at $50c would be preferred, but I think it will likely be $3m @ $0.40c.

I think the 2 biggest things to underpin the share price would be:
- 10Mt (or more) of DSO,
- the updated scoping study pointing to very strong numbers

The iron ore price remaining above $110/t and a few other things fall into place the share price could easily justify a $0.48c share price / $34m market cap.

Anyone else have a perspective on how much and at what price?

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Whats the other company you are interested in if you don't mind sharing publicly?

AKO Price at posting: 17.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 10.0¢		Change 0.000(0.00%)		Mkt cap ! $12.04M

Open	High	Low	Value	Volume
10.5¢	11.0¢	10.0¢	$3.9K	37.55K

Buyers (Bids)

No.	Vol.	Price($)
3	93662	10.0¢

Sellers (Offers)

Price($)	Vol.	No.
11.0¢	24925	1

View Market Depth

No.	Vol.	Price($)
3	93662	0.100
1	25000	0.095
1	97138	0.091
3	138944	0.090
1	11639	0.086

Price($)	Vol.	No.
0.110	24925	1
0.140	103108	2
0.150	79999	1
0.155	22284	1
0.175	3000	1

Last trade - 13.17pm 20/08/2024 (20 minute delay)

AKO (ASX) Chart

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