So as we get closer towards first cashflows from salt the expectation is the stock falls to 20c or thereabouts...
Possible, although I'd like to think as project milestones are delivered it is more likely to be a staircase up rather than camping around our existing shareprice.
We need the tranch 2 raising to be done and a bit of a lift in the shareprice to push the market cap into say low to mid $700Ms, to generate buying interest for the asx300 index inclusion.
Ann: Completion of Retail Component of Entitlement Offer, page-21
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Last
24.0¢ |
Change
-0.015(5.88%) |
Mkt cap ! $692.2M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 25.0¢ | 24.0¢ | $234.8K | 965.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 201884 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 124729 | 2 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| BCI (ASX) Chart |