Agree it will most likely lead to another leg down. Price has halved since the cap raise of $35M at $2.20. Proceeds will be used to fund the stage two expansion of manganese concentrate production from Butcherbird. Funds will also allow Element 25 to put a dedicated team in place to accelerate the flowsheet and plant design work to produce lithium-ion battery-grade manganese sulphate from the concentrate produced at the project. Perhaps a better description of the use of proceeds would have been " Funds will be used to cash flow operation until nameplate capacity is reached on Stage 1 " . JB needs to be very transparent with the market from this point on and not make any promises he can't fulfill - under promise and over deliver would be the right strategy at this point in time but not sure if it's in his nature to take this path.
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Agree it will most likely lead to another leg down. Price has...
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Last
33.5¢ |
Change
0.005(1.52%) |
Mkt cap ! $73.67M |
Open | High | Low | Value | Volume |
33.0¢ | 35.0¢ | 32.0¢ | $191.1K | 569.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 25000 | 32.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
33.5¢ | 15419 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 25000 | 0.325 |
6 | 47234 | 0.320 |
3 | 97903 | 0.310 |
8 | 75323 | 0.305 |
8 | 137632 | 0.300 |
Price($) | Vol. | No. |
---|---|---|
0.335 | 15419 | 1 |
0.340 | 34000 | 2 |
0.345 | 21000 | 1 |
0.350 | 32215 | 3 |
0.355 | 1470 | 1 |
Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
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