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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 (20min delay)
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Last
29.0¢ |
Change
0.010(3.57%) |
Mkt cap ! $51.14M | |||
| Open | High | Low | Value | Volume |
| 28.0¢ | 29.0¢ | 27.0¢ | $358.6K | 1.287M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 28.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 68967 | 3 |
View Market Depth
| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Last
29.0¢ |
Change
0.010 ( 3.76 %) |
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| Open | High | Low | Volume | ||
| 28.0¢ | 29.0¢ | 27.5¢ | 206942 | ||
| Last updated 15.59pm 17/05/2024 ? | |||||
| HAS (ASX) Chart |