Hey Kev,
Well it finally closed the Nov 1 relist gap 5 - 6.2 cents. Remains to be see if there is a final shakeout of profiteers from the $4m x100M shares @ 4 cent CR.
95M shares have traded since relist, not counting CHI-X. Near as dammit 100% of CR.
SOI 225M
Current MC $11M @ 5 cents
Cash on hand @ March ~ $4.6M Burn negligible, $86k Staff + Admin, $208k exploration. That's it.
EV ~ $6M
~ 5% interest in Luna Lithium. Initial drill program Pilot Peak commenced in late Q1 2022.
~ 100% interest in Georgia Lime project. Marshall Miller appointed in Jan. Work commenced in Feb to incorporate the MRE into initial technical studies anticipated to evaluate potential mining and processing scenarios.
This appears to be a dormant shell in the capable hands of Apollo. Market isn't pricing in anything.
Broker data seems to suggest otherwise. Tight as re news. Will we get a pre-quarterly update? The way the ASX announcements page reads, they're not yet ready to show their hand.
PA from here on in should give an indication about what's going on behind the scenes - which is quite a lot.
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