Certainly a lot of shares dropped due to the CAPEX and time frames.
But I can not seriously see SHP carrying the load alone to production for project O. $620M to raise for a company with a current MC less than 10% of that currently....hmm
No I see either a large euro investment company or a large mining company snapping up SHP during these depressed prices.
Remember the NPV is only being calculated off project O financials - there is A LOT more potential profit in the ground if you can get the other sites running as well.
Hopefully by the end of the week the scared hands have dropped all their shares and there is still some demand left over to put the SP back north again.
Certainly a lot of shares dropped due to the CAPEX and time...
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Last
1.2¢ |
Change
0.001(9.09%) |
Mkt cap ! $9.926M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.2¢ | $30.32K | 2.398M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 4803761 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 1213614 | 3 |
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| Last trade - 10.28am 25/06/2024 (20 minute delay) ? |
| SHP (ASX) Chart |