Hello. Australian spot price for lithium is now US$1100/t; up from a bottom of US$900/t.
I posted previously, capital raisings generally follow some market capitalisation benchmarks.
* When PAT was 7.5 cents, the market cap was $7M, which was the perfect price to raise $3m at 7.5 cents, creating a $10M market capitalisation. I added some shares on market at 7.5 cents, confident a raising would likely not be lower than 7.5 cents.
* However, as/if lithium prices improve, a reasonable benchmark market capitalisation becomes $15M for a good exploration prospect. Therefore based on a market cap of $15M, PAT could possible raise $3M at 13 cents or $5M at 10/11 cents.
* I'd guess $5M is too much to ask for a greenfields play however PAT appears to have good prospects. Therefore, it depends on PAT negotiating with the brokers for the capital raising share price.
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Hello. Australian spot price for lithium is now US$1100/t; up...
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Mkt cap ! $4.863M |
Open | High | Low | Value | Volume |
5.0¢ | 5.0¢ | 4.7¢ | $1.87K | 38K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 13128 | 4.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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5.0¢ | 23438 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 13128 | 0.045 |
1 | 250000 | 0.044 |
1 | 14398 | 0.041 |
3 | 125047 | 0.040 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.050 | 23438 | 1 |
0.051 | 50000 | 1 |
0.052 | 6899 | 1 |
0.054 | 15000 | 1 |
0.060 | 145000 | 2 |
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