"debt overhang weighed on the share price!" don't think so, a $28m debt on a gold company in a historical high gold price period with announced annual production of 120,000 oz and targeting 200,000oz with a projected free cash flow of $30m quarter then a $28m debt is biscuit tin money. What's been holding us back is the lack of progress in Victoria (same old 'waiting for approval' message), high AISC (but improving) , and Henty being a dogs breakfast (but improving) and no mining on Vango tenements despite raising $22m to do so...add all this to the fact our CEO has made not one public presentation since joining, preferring to address small private groups (ironically during the last 3 weeks where our SP went from $1.19 to 93 cents) So don't get too excited that a daily SP goes up 7% to $1.00 ...long termers are down from $3+ in the last 4 years. As stated we are down from $1.19 just from two plus weeks ago. Our SGI and VAN T/O price was $1.25. The CR raising of $22m was at a $1.00 (a 7% rise gets us to breakeven) all for a company that ALL of us agree is massively undervalued to our peers. James quotes EMR as a direct peer company to CYL and rightly so: Same production and reserve figures slightly better AISC but has a market cap of $2.3 BILLION! Conclusion: OUR MARKETING SUCKS!
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Last
98.0¢ |
Change
0.040(4.26%) |
Mkt cap ! $217.1M |
Open | High | Low | Value | Volume |
98.0¢ | $1.03 | 97.0¢ | $613.1K | 614.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1492 | 98.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.00 | 27305 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1492 | 0.980 |
1 | 10256 | 0.975 |
2 | 4030 | 0.970 |
2 | 11543 | 0.965 |
1 | 10416 | 0.960 |
Price($) | Vol. | No. |
---|---|---|
1.000 | 27305 | 2 |
1.010 | 53494 | 1 |
1.040 | 58342 | 1 |
1.050 | 5000 | 1 |
1.065 | 3478 | 1 |
Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
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INFINITY LITHIUM CORPORATION LIMITED
Ryan Parkin, Managing Director & CEO
Ryan Parkin
Managing Director & CEO
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