The tenements need work before anyone will pay $10m cash for them - it's not going to happen - hence the spin-off.
There is a lot of Kaolin around and the barrier to entry to mine is not high. And graphite is only a little less ubiquitous.
Management did the right thing here and if you are very patient and want to take a chance on iTech then good luck to you.
Regarding the CR - finances, would the first agenda item at every board meeting, this would have been planned for months. Don't underestimate the motivation for any small-cap to secure their payroll as they advance - company survival is number 1. Why some holders expect companies to run down their bank account to two quarters before raising is beyond me, it's a reckless risky move. And it usually only happens when companies have no other option and is a big red flag in my book.
There is minimal dilution here, I suggest people start thinking like an insto and use the CR to their advantage - who thought we could buy at $1.45 again? I didn't - I'm going to pretend it's Xmas and buy what I can!
IMO - DYOR - Good luck all. Ho ho ho!
The tenements need work before anyone will pay $10m cash for...
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
23.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $58.61M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 24.0¢ | 22.5¢ | $89.25K | 387.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 104441 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 56023 | 2 |
View Market Depth
| Last trade - 16.10pm 27/06/2025 (20 minute delay) ? |
| AXE (ASX) Chart |