They need to pay down some of the trade debt. $58m in short term liabilities is more of a risk to the company than the debt funding component due next year.
I expected $20m upfront as I thought MIN would screw PNR hard considering the fragile financial state of the company, so this is a good outcome imo even if it robs them of some blue sky potential in future. Anything that removes further dilution is a good thing as there is already 5.2b soi
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- Ann: Sale of Lithium and Base Metal Rights for up to $60M
Ann: Sale of Lithium and Base Metal Rights for up to $60M, page-9
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
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Sellers (Offers)
Price($) | Vol. | No. |
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21 | 2334498 | 0.105 |
25 | 1264996 | 0.100 |
2 | 110000 | 0.099 |
3 | 181000 | 0.098 |
Price($) | Vol. | No. |
---|---|---|
0.115 | 27356 | 1 |
0.120 | 3113186 | 41 |
0.125 | 1439395 | 12 |
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0.135 | 204202 | 5 |
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