Hello. Thank you for that. However, they have to do a feasibility study and the investor can exercise the option up to 90 days after the feasibility study. So there is a lot of work to do (at least drilling & finding a deposit) to at least ship the 20,000 tonnes (they don't need a feasibility study to dig & ship 250 trucks of ore). I cannot picture the investor topping up at 2 cents therefore ESR still need to raise capital to get started. As I posted, today's $350,000 won't last long.
Ann: ESR secures Strategic Investment to advance Timor-Leste, page-20
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Last
1.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $31.75M | |||
| Open | High | Low | Value | Volume |
| 1.7¢ | 1.7¢ | 1.7¢ | $173.5K | 10.21M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 287544 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.8¢ | 2097903 | 7 |
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| Last trade - 15.59pm 08/11/2024 (20 minute delay) ? |
| ESR (ASX) Chart |