I think you might be reading into this too bearishly. The CCS project close is obviously taking longer than expected, but its clearly still happening as Lingo has not exercised the ATM yet.
In parallel they are advancing the study and its pretty clear from the statement that there's a better site nearby for the solar. This is unequivocally good news as we'll be minimising power line transmission loss, and getting a cash premium from a buyer who values the Three Springs site more highly.
I think you might be reading into this too bearishly. The CCS...
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Last
2.0¢ |
Change
-0.002(9.09%) |
Mkt cap ! $28.55M | |||
| Open | High | Low | Value | Volume |
| 2.2¢ | 2.2¢ | 2.0¢ | $154.7K | 7.361M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 868420 | 1.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.0¢ | 1862797 | 1 |
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| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| PGY (ASX) Chart |