Cannacord are showing this milestone as being worth US $50m cash in the December quarter, probably worth a reread at this point.
https://mcusercontent.com/d4810c866...c-eb7c9056b9c2/FLC_CANACCORDCOLT_20200803.pdf
Assuming the Ivory Coast project is finalised soon, an additional +US$50m cash should be received, leaving FLC in a very strong funding position. While continued delays at San Quintin, Mexico are frustrating, new sales agreements in Argentina, Jamaica, Ghana, Vietnam and Ethiopia are offsetting positives. The company has maintained its guidance for the year and expects positive cash flow again in the September Quarter. We have left our estimates unchanged with a Target Price of A$0.53/share and an unrisked valuation at A$0.69/share. Our investment recommendation to BUY FLC is reinforced.
Ann: Fluence-Ivory Coast Project Conditions Precedent Met, page-44
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Mkt cap ! $129.7M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 12.0¢ | $15.22K | 123.4K |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 175663 | 11.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 23084 | 1 |
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