Questions arise now that FQM is no longer JV partner.
- Will FQM cross trade their holdings to another party?
- Will CVV find another mid-tier for another farm in agreement?
With around $500k in the bank and expected burn of $250k this quarter, they will need to raise more cash soon. At what price will this be done at - we will find out soon enough.
With 69M SOI, they have good room to run. I wonder if the Board will do a nice little discount raise to look after their tight-knit group including the infamous Bob Healy.
A CR at 4.5c will give an EV of $3M, arguably a touch above pure shell value.
Final question will be: is it likely for copper to run in the next 12 months? We will see.
Questions arise now that FQM is no longer JV partner. - Will FQM...
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Last
18.5¢ |
Change
-0.005(2.63%) |
Mkt cap ! $96.99M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 19.0¢ | 18.0¢ | $229.4K | 1.243M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7231 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 46399 | 2 |
View Market Depth
| Last trade - 15.57pm 28/06/2024 (20 minute delay) ? |
| CVV (ASX) Chart |