They have a lot of cash owed to them about $4,000,000 in total, below copied from the 4c:
"The Company is due to receive US$50,000 (AUD $75,732) from Zhejiang Hengli New Energy Co for shares to be issued under the terms of a binding term sheet, refer to ASX Announcement 11 July 2024.
The Company received $3.125M in October 2023 for the strategic share placement to Summit Nanotech Corporation (Summit). Refer to ASX Announcement 14 August 2023, shareholder approval on 26 October 2023, and ASX Announcement 31 October 2023. The company is due to receive an additional USD$1M for the second tranche of the strategic investment for the funding and development of the Incahuasi project by 9 February 2025.
The Company is due to receive $1.5M cash before costs for the sale of the Company’s non-core Santa Ines Copper Gold project to Fuyang Mingjin New Energy Development Co. Ltd. The Company expects to receive this during the December 2024 quarter.
The Company is owed $980,000 principal plus interest from Ultra Lithium Inc for a loan advanced to them in May 2023, refer to ASX Announcement 16 May 2023. The Company has issued a default notice and is considering enforcement options to facilitate Ultra repaying the loan plus interest."
They have a lot of cash owed to them about $4,000,000 in total,...
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Last
6.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.095M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 55986 | 6.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.2¢ | 128 | 1 |
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| Last trade - 11.07am 30/07/2025 (20 minute delay) ? |
| PNN (ASX) Chart |
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