Call me a glass half full optimist - but I don't see this as bad news. It is fairly clear they are elbows deep in a significant negotiation of some kind. Having a very long suspension could mean a very large and important deal is being done. Something that requires some kind of product validation in due diligence before final price and offer is signed off. Or a due diligence process which is made more difficult and slow by COVID. All business deals have been slowed down by COVID - why would anyone expect a large strategic capital raise to move quickly in this environment?
Maybe the final deal requires an independent verification of resource levels or lithium quality and they need to send it by ship to another country because people can't physically attend the site?
Call me a glass half full optimist - but I don't see this as bad...
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Last
13.0¢ |
Change
0.005(4.00%) |
Mkt cap ! $167.7M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.5¢ | 12.5¢ | $175.2K | 1.335M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19999 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 795599 | 13 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| ASN (ASX) Chart |