Hi Alias, I'm not sure if CHR will require a raise to complete the transaction. CHR had $2 million as at 30/09/23 as per Quarterly cashflow report. As part of this transaction they are receiving $1.7 million from Rio ($500k cash plus $1.2 million investment by Rio), so total available $3.7 million. From this CHR needs to pay Lithium Australia $2 million, so this leaves 1.7 million less any funds spent by CHR since 30 Sept. Of course, once the farm-in kicks in CHR won't need to spend anything further on Lake Johnston (Rio will be paying for all this Li exploration), however they will still have to cover corporate overheads (currently running at approx. $1.5 million per annum) and any expenditure on the NT Project.
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Hi Alias, I'm not sure if CHR will require a raise to complete...
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8.1¢ |
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Mkt cap ! $6.271M |
Open | High | Low | Value | Volume |
8.4¢ | 8.4¢ | 7.9¢ | $26.78K | 330.7K |
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No. | Vol. | Price($) |
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1 | 1704 | 7.8¢ |
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Price($) | Vol. | No. |
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8.1¢ | 11898 | 1 |
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No. | Vol. | Price($) |
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1 | 1704 | 0.078 |
1 | 13333 | 0.075 |
1 | 13513 | 0.074 |
1 | 13698 | 0.073 |
1 | 13888 | 0.072 |
Price($) | Vol. | No. |
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0.081 | 11898 | 1 |
0.092 | 89559 | 1 |
0.096 | 147915 | 3 |
0.097 | 33995 | 1 |
0.099 | 88709 | 1 |
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