I have held previously and sold. have kept on eye as the asset looks good but the management of it has raised questions for me. I will wait for the CR. remember they only had 2 qrt's of funding left at the end of June, and have an outstanding loan to repay ($3.2m), and have to pay Aleese $2m by mid December, and need $11.5m for Capex, and only have a MC of ~$20m.
How will they pull in ~ $20m to provide for all that including OPEX and some buffer?
best case scenario in current climate is a locked in Off take agreement with high profitability which allows for some more debt to be taken on, but significant dilution seems unavoidable at this stage. DYOR.
I have held previously and sold. have kept on eye as the asset...
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Last
0.6¢ |
Change
-0.001(8.33%) |
Mkt cap ! $12.92M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.6¢ | $2.657K | 444.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 37 | 20367820 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 1026872 | 3 |
View Market Depth
| Last trade - 14.02pm 03/05/2024 (20 minute delay) ? |
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Last
0.5¢ |
Change
-0.001 ( 16.7 %) |
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| Open | High | Low | Volume | ||
| 0.6¢ | 0.6¢ | 0.5¢ | 429500 | ||
| Last updated 10.47am 03/05/2024 ? | |||||
| AEV (ASX) Chart |