Kicking myself with this investment as I was following the numbers and it still looks incredibly undervalued. Unfortunately I missed that Atlas hadn't gotten its permitting sorted when it was mining boonanarring, but rather assumed that their whole first phase was permitted.
Looking into the EPAs process we are past the public review period and the last update was in June. https://www.epa.wa.gov.au/proposals/atlas-project
Even after this stage my understanding that if all goes well a draft proposal is released first prior to the final document. For the timelines as far as I can tell the EPA can give an estimate on how long the draft will take which is what would be guiding IMA timelines and why actual mining is now expected toward the end of next year.
I've been considering a top up to average down but I don't see the point until the draft is released. If there is a delay then we are headed for a CR in my mind so I'll top up off that instead. I think the move on the stock from a delay downwards would be much greater then the initial reaction to the draft document being released in todays market so on the balance of things its just prudent to wait. Any thoughts from holders?
- Forums
- ASX - By Stock
- Ann: Investor Presentation
Kicking myself with this investment as I was following the...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IMA (ASX) to my watchlist
(20min delay)
|
|||||
Last
7.0¢ |
Change
0.002(2.94%) |
Mkt cap ! $78.54M |
Open | High | Low | Value | Volume |
6.9¢ | 7.0¢ | 6.9¢ | $9.849K | 142.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1200 | 6.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.0¢ | 9649 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1200 | 0.069 |
2 | 14560 | 0.068 |
1 | 28843 | 0.067 |
2 | 121271 | 0.066 |
3 | 73846 | 0.065 |
Price($) | Vol. | No. |
---|---|---|
0.070 | 9649 | 1 |
0.071 | 34666 | 3 |
0.072 | 50000 | 1 |
0.073 | 43000 | 1 |
0.080 | 109990 | 1 |
Last trade - 12.26pm 01/10/2024 (20 minute delay) ? |
Featured News
IMA (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
Previous Video
Next Video
SPONSORED BY The Market Online