From my understanding things are on hold till the federal election is over and then hopefully funding for Kwinana can be sourced through capital reconstruction authority.
i think it will depend on the coalitions policy when they take power as to the future direction they will take on critical minerals and renewables sector.
I've started divestment into uranium and antimony portfolio a while back as a result of the extended non renounceable share offer.
From reading the market update on the results of offer, funding required was significantly short of target, I feel investors were more interested in buying cheaper shares than supporting the back door credit raising. As a result, we will be unhappy with directions of company now in need of external funding and support from tax credits till funding can be secured for project development.
As far as WA Government is concerned with permiting, there appears to be no issue of concern for the project to proceed which is a giant positive from my perspective.
Copper is again back on a downwards trend.
i hope the money I've spent on the recent cap raising that i was lead to believe was supposed to be funding for Kwinana is not going into AUkings pocket. Diversification at this stage back to an exploration status was not what I signed up to.
I feel this decision should be in the hands of shareholders to vote for and not a decision which the Board makes. If so, I'm prepared for the loss, unlike some who may not be.
With the constant down trend in shareprice, and no sign of a rebound, I'm hoping very clear statements come from this investor presentation.
Just my personal feelings, please do your own research.
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From my understanding things are on hold till the federal...
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Last
5.6¢ |
Change
0.003(5.66%) |
Mkt cap ! $24.91M |
Open | High | Low | Value | Volume |
5.5¢ | 5.6¢ | 5.4¢ | $10.88K | 197.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6928 | 5.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.6¢ | 219774 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6928 | 0.055 |
1 | 100000 | 0.054 |
8 | 476619 | 0.053 |
10 | 324787 | 0.052 |
3 | 293090 | 0.051 |
Price($) | Vol. | No. |
---|---|---|
0.056 | 114774 | 2 |
0.057 | 46439 | 2 |
0.058 | 115580 | 3 |
0.060 | 104540 | 2 |
0.061 | 115000 | 1 |
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