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
its a letter of commitment and means alot more than nothing.For...
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 (20min delay)
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Last
28.0¢ |
Change
-0.005(1.75%) |
Mkt cap ! $98.59M | |||
| Open | High | Low | Value | Volume |
| 28.5¢ | 28.5¢ | 28.0¢ | $105.9K | 373.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 678908 | 28.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.5¢ | 1400 | 1 |
View Market Depth
| Last trade - 16.10pm 26/06/2025 (20 minute delay) ? |
| PEK (ASX) Chart |