The low cash position has been obvious for some time. The SP has responded to the marketing of HPA and did look like it would trade high enough to get the options over the line... but not quite.
Still nearly 4 weeks for the SP to improve enough but it doesn't look likely.
$850k in cash left... an EIS grant on its way (maybe $300k like DRE's announcement this morning?), $390k R&D rebate in June buys another 3 months before the tin sounds hollow.
Update on the PFS and assay results for the REE drilling should help the SP prior to the CR.
Ann: Quarterly Cashflow Report, page-7
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Last
2.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $60.65M | |||
| Open | High | Low | Value | Volume |
| 2.0¢ | 2.0¢ | 1.9¢ | $43.45K | 2.275M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 5562051 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.0¢ | 6326480 | 12 |
View Market Depth
| Last trade - 16.10pm 03/06/2024 (20 minute delay) ? |
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Last
1.9¢ |
Change
0.000 ( 5.00 %) |
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| Open | High | Low | Volume | ||
| 1.8¢ | 1.9¢ | 1.8¢ | 2167294 | ||
| Last updated 13.38pm 03/06/2024 ? | |||||
| IPT (ASX) Chart |