I believe it is defensive- Like the issue to Fidelity.
The recent statement that Halleck is likely to be the biggest clean RE deposit in the Western Hemisphere and the massive bipartisan investment in critical metals is likely to have accelerated our drilling schedule.
We are dangerously undervalued. To relieve this situation an issue to existing and new cornerstone shareholders will deter a low bid from MP Materials, Lynas etc. Also the money can both augment the size of our drilling program and accelerate the time line. We could then get to an NYSE listing by the end of 2024.
If another party got to 51% plus before then we may not get much past AUD1.00. Once we are listed in the USA we should eventually get to MP Materials MC which is AUD9.41 Bill. If we can only double our shares on issue up to 800mill then dividing 800mill into 9.41 bill we could get our share price to AUD 11.76.
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Last
26.5¢ |
Change
0.005(1.92%) |
Mkt cap ! $131.0M |
Open | High | Low | Value | Volume |
26.5¢ | 26.5¢ | 25.5¢ | $93.17K | 356.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 26.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
26.5¢ | 62560 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 0.260 |
6 | 307010 | 0.255 |
3 | 73450 | 0.250 |
2 | 33000 | 0.245 |
5 | 83100 | 0.240 |
Price($) | Vol. | No. |
---|---|---|
0.265 | 62560 | 3 |
0.270 | 10000 | 1 |
0.275 | 68773 | 3 |
0.280 | 112738 | 4 |
0.285 | 12500 | 2 |
Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
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