The loan will only come into play if there is a shortfall in the rights issue and is to a max of $6 million. So there could be no loan if all rights are taken up. Appian and IFC have stated that they will be taking up their rights so I would guess that the maximum the loan could be would be about $4 million or something less. What I don't like is the 15% interest rate if the loan is required, rather ridiculous if you ask me. Once the BFS is released which I hope indicates a very viable project then possibly the SP will be much higher than the 5 cents that it is currently. Offtake sales agreements are critical to the outcome after the release of the BFS. Speculative but on its lows in a sector that has historic low element prices and thus on the nose.
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Last
20.0¢ |
Change
-0.005(2.44%) |
Mkt cap ! $53.28M |
Open | High | Low | Value | Volume |
20.5¢ | 21.0¢ | 20.0¢ | $8.98K | 43.82K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 17969 | 20.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.5¢ | 73288 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 17969 | 0.200 |
4 | 114738 | 0.195 |
2 | 32631 | 0.190 |
1 | 70000 | 0.185 |
3 | 74000 | 0.180 |
Price($) | Vol. | No. |
---|---|---|
0.215 | 73288 | 1 |
0.220 | 93012 | 3 |
0.225 | 36158 | 2 |
0.230 | 109368 | 5 |
0.240 | 60000 | 2 |
Last trade - 15.59pm 19/08/2024 (20 minute delay) ? |
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