what a great question.
personally I do not see a meaningful financing until after the DFS. That does not mean a heads wont be achieved, but the DFS is a critical doc. I also think that the financing will have some significant conditions such as due diligence, etc.
It may be that a significant off take agreement is done first as a precursor to the financing. That would be good especially if the finance is not coming from an end user.
I personally suspect this is what Paul has been alluding to recently.
That said, the answer to your question is anywhere between 10 cents and 50 cents.
I personally feel TNG will effectively need to give away up to 50% of Mt Peake to get it done.
that would not be so bad for shareholders if we can avoid a huge capital raise at these current prices. such as a billion shares to raise 45 million.
I am hoping for a exit in that range. with 3 million shares, that is one shinny new red beast in my driveway. That is why I continue to be shown as a seller, but I am not actively selling.
UM
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5.6¢ |
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Mkt cap ! $96.48M |
Open | High | Low | Value | Volume |
5.5¢ | 5.6¢ | 5.4¢ | $26.84K | 488.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 40557 | 5.5¢ |
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Price($) | Vol. | No. |
---|---|---|
5.6¢ | 162954 | 3 |
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No. | Vol. | Price($) |
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2 | 40557 | 0.055 |
4 | 150071 | 0.054 |
3 | 303700 | 0.053 |
3 | 318990 | 0.052 |
2 | 700000 | 0.051 |
Price($) | Vol. | No. |
---|---|---|
0.056 | 162954 | 3 |
0.057 | 7600 | 1 |
0.058 | 137000 | 2 |
0.059 | 45500 | 1 |
0.060 | 116666 | 2 |
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