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60.0¢ astron corporation limited

Ann: Non-Binding MoU - Progress Update, page-5

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1357.al.toh

900 Posts.

84

10/03/24

14:59

Post #: 72832111
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Originally posted by Tapdancer: ↑

I'm quite confident the deal will go through, barring unforeseen issues.

The strategic benefits to Energy Fuels are manifold; they're getting 50% of the whole Donald tenement at half the NPV of Phase 1 alone; being cashed up and debt free also provides a strong imperative to "do something" which, with this particular project, fortunately happens to tick all the boxes; and one senses from the body language of the CEO that he's just as excited to get this deal done as is Astron.

As for the share price, if the agreement is signed I just for now can't see it rocketing past its recent highs (low 70s).

Tiger Brown has seemingly left a lot on the table, but Astron's circumstances (financial position, Donald now being the only string to its bow, and lack of any real mining experience) warrant a LOT of insurance premium being offered up front. The beautiful thing is that positive news on the deal will remove so much of the risk from Astron as an investment - risk being just as important as the upside - which in our case could see a NPV comfortably exceed the current $5 or so Phase 2 valuation, as each step on the way to full production is successfully dealt with.

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Thanks for the insights - keen to understand the $5 valuation you quoted above. Cheers.

ATR Price at posting: 61.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 60.0¢		Change 0.010(1.69%)		Mkt cap ! $100.9M

Open	High	Low	Value	Volume
59.5¢	60.0¢	59.5¢	$5.411K	9.068K

Buyers (Bids)

No.	Vol.	Price($)
1	6438	58.5¢

Sellers (Offers)

Price($)	Vol.	No.
70.0¢	17679	5

View Market Depth

No.	Vol.	Price($)
1	6438	0.585
1	10000	0.575
2	22000	0.570
2	30000	0.560
1	119	0.550

Price($)	Vol.	No.
0.700	17679	5
0.720	2777	1
0.800	6477	1
0.000	0	0
0.000	0	0

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