its a letter of commitment and means alot more than nothing.
For example, it gives PEK negotiating power on the 50% shenghe equity purchase
Or can also eventuate into a real debt package covering the funding needs of the asset.
The market see's it down because it simply doesnt know the value of PEK , LYC also down so this low volume stuff carries in here.
Doesnt mean this isnt attributing more of the NPV back into the share price due to de-risking.
A big positive even if late
Ann: Ngualla Project - Signed Debt Terms Sheet, page-8
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Last
21.0¢ |
Change
0.010(5.00%) |
Mkt cap ! $55.95M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 21.0¢ | 19.5¢ | $24.50K | 122.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19317 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 22553 | 4 |
View Market Depth
| Last trade - 15.59pm 17/09/2024 (20 minute delay) ? |
| PEK (ASX) Chart |