Reading that article seems to indicate that Sembehun won't be going ahead anytime soon as I doubt they could get financing at the moment. Have to wait and hope there's a turn around in rutile prices later next year.
If the major shareholder was to organise a Takeover offer at 20c+ then it might or might not work - hard to say. Again it depends on their timing and the newsflow - the asset value is still there and their dominant position in the market is intact.
Reading that article seems to indicate that Sembehun won't be...
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Last
15.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $65.79M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 15.5¢ | 15.5¢ | $154.1K | 994.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 270264 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 3106576 | 27 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| SRX (ASX) Chart |