The reason in part why there is no LD DFS is because they ran out of funding, the reason why there may be lack of funding is because antimony was claimed to give better outcomes hence more work was needed to complete the DFS and another reason and perhaps the more genuine reason why DFS is still incomplete is because there was lack of interest in the concentrate by offtakers who decided they were not interested.
If they decide to divest, let's hope all the money spent on LD will at least be recouped. But if AAU can't get offtakes then one suspects any buyer will pay far less then what has already been spent - that is not a good outcome for holders.
But what then of NS - how much funding and time required for DFS plus offtake agreements - if LD failed to obtain offtakes, will NS be able to obtain such?? Alternatively, if NS is also divested what roughly could it be worth?? Who knows.
Meanwhile for now at least they have some cash - hope they spend it wisely so as to grow that dismal MC.
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.487M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $290 | 82.97K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
48 | 42515637 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 18589520 | 19 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
48 | 42605637 | 0.003 |
18 | 16025536 | 0.002 |
14 | 32917950 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 18589520 | 19 |
0.005 | 8498993 | 9 |
0.006 | 1358026 | 3 |
0.007 | 3306213 | 4 |
0.008 | 3277307 | 3 |
Last trade - 15.45pm 11/07/2024 (20 minute delay) ? |
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