It was always the plan for us to be the processing hub for a number of regional mines. This allows us to pick and choose high grade components to make it easier during the early stages of production, while bringing other projects online that would struggle to raise capex alone. It is a win-win deal and offers us blue sky potential well past our existing DFS figures.
I'm guessing after the 150% + gain some people are using the typical "sell the news" to get liquidity but I'm not really a trader so I can't comment much on that.
The real catalyst announcement here would be that 70 mil or so funding being approved. If it comes through all as debt/prepayment this will absolutely re-rate hard. For obvious reasons.
Today's announcement is a positive step to make the project even more attractive in the eyes of financiers who would supply us that capex.
It was always the plan for us to be the processing hub for a...
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Last
3.6¢ |
Change
0.001(2.86%) |
Mkt cap ! $21.28M | |||
| Open | High | Low | Value | Volume |
| 3.5¢ | 3.7¢ | 3.5¢ | $19.92K | 553.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 828734 | 3.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.7¢ | 136659 | 2 |
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| Last trade - 15.48pm 05/06/2024 (20 minute delay) ? |
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Last
3.6¢ |
Change
0.001 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 3.5¢ | 3.7¢ | 3.5¢ | 492823 | ||
| Last updated 15.44pm 05/06/2024 ? | |||||
| ANX (ASX) Chart |