It's not price sensitive as the ounces haven't disappeared, they're still in the ground and the adjustment in NPV on their processing is a rounding error in the life of the project.
There is a short term cashflow hit, but again it's short term and a price adjustment on that would be irrational. Especially given the $14m injection and the expectation that Q1 2024 will be a seismic/step change in performance and the next chapter in the company's lifetime and sustainability.
However, if that Q1 promise doesn't materialise (all other things remaining equal) then the company (or at least the Board) will be in big trouble.
Ann: Operations Update, page-23
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Last
11.5¢ |
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Mkt cap ! $93.67M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.5¢ | 11.0¢ | $31.02K | 279.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 1113508 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 847326 | 9 |
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| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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11.5¢ |
Change
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| Open | High | Low | Volume | ||
| 11.3¢ | 11.5¢ | 11.0¢ | 184941 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
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