The selling has nothing to do with a CR.
May is tax loss selling or people selling some of their winners like LIN, to cover some of their losses.
As stated we have ~$13m to $14m in the bank.
The next deal could be an offtake or strategic partnership in July.
If that does not happen, Asimwe may do a small raise to pay the 3rd tranche payment and the company may do a large commercial deal later in the year.
The company will have no problem, raising capital from investors around the world. This project will become a significant Rareearths supplier!!
Today's action caused a number of stops to get hit, which caused the domino effect. Whoever did this, done a good job of getting some shares.
Ann: High Grade Rare Earths Assays Continue at Kangankunde, page-131
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Last
9.9¢ |
Change
-0.006(5.71%) |
Mkt cap ! $114.1M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.0¢ | 9.7¢ | $225.6K | 2.260M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 51500 | 9.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.9¢ | 53634 | 2 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| LIN (ASX) Chart |