Think we would have to ask the Insto shorting how long that piece of string is - they appear to have the inside knowledge and this quarterly report suggests ( the comment on slow speed/managed budget through to FID and that in turn provides a cash runway to end of 2024) hints the financial close is some time away and we now see clearly why that last SPP/CR took place.
Overall an excellent report. Answered some of my questions. pleased to see prudent cash management implemented - no plan for any raise soon.
I can envisage managements plan to release each finance term going binding individually (not as one) until debt package is complete - thus supporting the SP along the way and then the equity raise at a sp reflective on debt completion - fair value as opposed to current low valuation - all the while NdPr prices anticipated to trend up - nice scenario.
Second half 2024 it now is - she/orts will enjoy another free hit - well nothing that they did not know already.
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18.5¢ |
Change
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Mkt cap ! $427.4M |
Open | High | Low | Value | Volume |
19.0¢ | 19.0¢ | 18.3¢ | $1.900M | 10.20M |
Buyers (Bids)
No. | Vol. | Price($) |
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102 | 4224702 | 18.0¢ |
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Price($) | Vol. | No. |
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35 | 1975238 | 0.175 |
27 | 2805737 | 0.170 |
11 | 865544 | 0.165 |
15 | 618257 | 0.160 |
Price($) | Vol. | No. |
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0.190 | 1599285 | 16 |
0.195 | 1589562 | 18 |
0.200 | 2458628 | 33 |
0.205 | 3110535 | 28 |
Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
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Last updated 15.59pm 30/05/2024 ? |
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