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.
Think we would have to ask the Insto shorting how long that...
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Last
18.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $427.4M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 19.0¢ | 18.0¢ | $480.0K | 2.587M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 358236 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 1967410 | 15 |
View Market Depth
| Last trade - 16.10pm 14/05/2024 (20 minute delay) ? |
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Last
18.8¢ |
Change
0.000 ( 1.90 %) |
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| Open | High | Low | Volume | ||
| 18.5¢ | 19.0¢ | 18.3¢ | 1958896 | ||
| Last updated 15.59pm 14/05/2024 ? | |||||
| ARU (ASX) Chart |