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It would be nice to at least get an MOA after the Scoping Study...

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Burty85

2,780 Posts.

1882

30/10/23

11:19

Post #: 70611277
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Originally posted by zacko92: ↑

The 1.7m is a little concerning, with the delays it may overstretch the budget for the planned timeframe.
This may hold back the share price in the near future as investors expect a raise.
Nevertheless, we have a Scoping Study due to be released soon.
PAC Partners onboard. Low shares on issue.

Off-topic LRS just released an off-take bidding process after releasing PEA (Scoping Study).
PAC Partners have been involved with LRS, just recently for their short-term funding requirements which was oversubscribed.

I believe if we can follow a similar path it should be beneficial for us.
The Scoping Study is very important to generate interest which can lead to a competitive bidding process. If required.
It depends on how much capital we need, that's why I'm very interested to see the low-cost option, to minimise dilution.

Paul has been very good at raising funds in difficult times and has achieved a lot with a limited budget.
I'm confident whatever the future dilution he will try his best to preserve shareholders' value.

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It would be nice to at least get an MOA after the Scoping Study is released.

AKO Price at posting: 16.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 12.0¢		Change 0.000(0.00%)		Mkt cap ! $14.45M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	23076	13.0¢

Sellers (Offers)

Price($)	Vol.	No.
13.5¢	40004	1

View Market Depth

No.	Vol.	Price($)
1	23076	0.130
2	8522	0.120
1	70000	0.115
1	100000	0.100
1	100000	0.090

Price($)	Vol.	No.
0.135	40004	1
0.150	99796	4
0.155	36055	1
0.160	63967	1
0.195	2653	1

Last trade - 16.12pm 19/11/2024 (20 minute delay)

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