The critical different elements between the coming CR (may not be for a month or so) and the previous ones are as follows:
1. Justine Werner is now Chairman. This alone is very important.
2. The new asset is slightly more 'ready to go' from a resource estimate perspective than Woyla or Trenngalek
3. The informal grade information is in a different class than the above
There is a mountain of work to do, but I feel confident that any capital raise will include a significant partner with regional experience.
Without being too scientific, this company, post-raise (say A$20 million), deserves a market cap of at least $100 million, so IMO, a reasonable price target cum raise is about 30 cents.
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16.0¢ |
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Mkt cap ! $43.49M |
Open | High | Low | Value | Volume |
16.0¢ | 17.0¢ | 15.0¢ | $120.5K | 762.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 40000 | 15.5¢ |
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Price($) | Vol. | No. |
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17.0¢ | 140474 | 2 |
View Market Depth
No. | Vol. | Price($) |
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1 | 40000 | 0.155 |
1 | 92019 | 0.150 |
5 | 214874 | 0.145 |
5 | 179685 | 0.140 |
5 | 282920 | 0.135 |
Price($) | Vol. | No. |
---|---|---|
0.170 | 140474 | 2 |
0.175 | 64100 | 2 |
0.180 | 33000 | 1 |
0.190 | 95588 | 1 |
0.195 | 25640 | 1 |
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