IMO -
I feel they have just about sealed a deal with SK company for binding off-take agreement. (based on ASX rules, they have to release to market, but there are loopholes around this, that until signed off it can be with held.
They confident with this agreement, and have now released the CR TH to raise the $190M, definitely major portion from insto(s) and maybe, maybe just a small portion of say $5m from retail...
Anyway....these are the games played behind closed doors. I mean, 18c - look at the SP in past 3-4 months - 18c would and is around a good price...as this was sitting 11-15c...and 18-20c was a high SP it went to before it re-traced. So management may have made the deal to raise at the right price...at least once we start going up again from here, we wont come back hopefully....
IMO and my take on it.
Many posters - whether down rampers or uprampers - all will give their 2 bits. I just say, hold if you are confident, sell if you are worried. This type of investment is not for the weak hearted. Learnt this over many years.
GLTAH
Ann: Trading Halt, page-202
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3.4¢ |
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Mkt cap ! $349.9M | |||
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