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good point, still the quickest and cheapest way to a $50M...

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19/02/24

18:32

Post #: 72488646
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Originally posted by chicodechico: ↑

As to whether it is the right time or wrong time for a lithium acquisition, if you are a buyer of a project and interested in the long term, almost certainly better to be buying now (when the lithium market is in the doldrums) than a couple of years ago when prices were so high. I think lithium will almost certainly return - just a question of time. As to market valuation, this project does not look much different to the transaction that TYX recently did (just over a year ago) in Angola for a lithium project, and they now have a market cap of around $50m, up from around $3m.
FAU has a market cap of $5m and is in the same position TYX was back then. I don't see much obvious difference between the projects or their state of advancement. Most holders would be very happy to see our market cap increase from $5m to 10 times that, or even 5 times, or even 2 times that.

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good point, still the quickest and cheapest way to a $50M company is lithium or maybe niobium, little appetite elsewhere

FAU Price at posting: 0.3¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 0.5¢		Change 0.001(25.0%)		Mkt cap ! $8.31M

Open	High	Low	Value	Volume
0.4¢	0.7¢	0.4¢	$831.3K	148.4M

Buyers (Bids)

No.	Vol.	Price($)
7	6284175	0.5¢

Sellers (Offers)

Price($)	Vol.	No.
0.6¢	10182449	11

View Market Depth

No.	Vol.	Price($)
7	6284175	0.005
15	26377750	0.004
13	20840000	0.003
34	69644982	0.002
50	128151478	0.001

Price($)	Vol.	No.
0.006	10182449	11
0.007	18675272	10
0.008	15811277	8
0.009	2000000	3
0.010	8360000	3

Last trade - 16.10pm 14/05/2024 (20 minute delay)


Last 0.6¢			Change 0.001 ( 37.5 %)
Open	High		Low	Volume
0.4¢	0.7¢		0.4¢	92824002
Last updated 15.16pm 14/05/2024 ?

FAU (ASX) Chart