Don't see any issue at all with delay in scoping study by a few weeks.
If you read the announcement regarding the second off take, it says "The total of 307,000tpa of dry processed material will be used for the scoping study evaluations", so it was very likely the scoping study was near completion but they are now re-evaluating numbers to give market a clear indication of the numbers expected from actual off takes they have signed. I would rather wait an extra couple of weeks to have a more accurate view on project costs and forecasted profits and in the meantime more off takes are also likely as quoted in the response to the ASX price query yesterday.
Make no mistake, this is a low capex, quick to mine operation and the company will be making a profit within the next 1-2 years.
- Forums
- ASX - By Stock
- Ann: Quarterly Cashflow Report
Don't see any issue at all with delay in scoping study by a few...
-
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
Add ADN (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $27.14M |
Open | High | Low | Value | Volume |
0.8¢ | 0.9¢ | 0.8¢ | $13.76K | 1.637M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
28 | 17425801 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 16335345 | 19 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
27 | 12425801 | 0.008 |
63 | 30080348 | 0.007 |
50 | 20577989 | 0.006 |
20 | 12891789 | 0.005 |
7 | 8025000 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 15635345 | 17 |
0.010 | 10266819 | 16 |
0.011 | 27396522 | 9 |
0.012 | 30095921 | 8 |
0.013 | 2380111 | 4 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
Featured News
ADN (ASX) Chart |