Most likely next 12 months in my mind, respectfully:
- Project unlikely to get financing so it goes into care and maintenance awaiting higher RE prices.
- Company will burn a good chunk of $100M cash held (optimisation studies etc.) without generating additional value. Hence why I don't think it's too unreasonable to see this trade below cash value moving forwards.
- Company should use cash + a raise to front run other "early works", campaign mining HG, finish site bulk earthworks etc. This would be the correct way to use the cash. But don't be fooled by this - it would be a project in care and maintenance awaiting the right RE price.
Most likely next 12 months in my mind, respectfully:- Project...
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Last
27.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $49.72M | |||
| Open | High | Low | Value | Volume |
| 28.5¢ | 29.5¢ | 27.5¢ | $27.21K | 96.10K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 19831 | 27.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 378 | 1 |
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| Last trade - 16.10pm 27/08/2024 (20 minute delay) ? |
| HAS (ASX) Chart |