The company just received 38 million dollars a week ago from their first long term contract. They don’t need anyone’s money. They gave out the SPP of 20 million as easy money for share holders because of the recent pull back. The company is significantly undervalued and when you have the market cap just representing the 250 million of cash plus the cost of the mines and infrastructure without pricing in any of the lithium product this has a significant upside coming. Plus near term news for resource upgrade, additional drill results and optimisation studies. Nothing priced in still at this level for a tier 1 lithium producer which is at a 820 million market cap when LRS and AZS are 20 percent higher in market value and producing years away
The company just received 38 million dollars a week ago from...
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Last
10.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $214.3M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 11.0¢ | 10.0¢ | $1.502M | 14.37M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 78 | 5970714 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 250000 | 2 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| CXO (ASX) Chart |