Pontax is very well endowed with spodumeme.The variables will be hit length/width and grade which the drilling campaign will determine. To me the current campaign looks more like a drill out as opposed to wild cat drilling,, so I personally classify Pontax on the lower risk scale of lithiium early stage plays on the ASX. So I don't see this raise as a rush ock in funds in case the dtill bit fails. Maybe, as has been suggested the recent rosdshiows imprssed a few institutions who want a sizeable stake, or maybe there is a JV possibility. Let's see. These guys have a track record of surprising to the upside.
Pontax is very well endowed with spodumeme.The variables will be...
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Last
8.8¢ |
Change
0.007(8.64%) |
Mkt cap ! $25.07M | |||
| Open | High | Low | Value | Volume |
| 8.4¢ | 8.8¢ | 8.2¢ | $93.62K | 1.106M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6000 | 8.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.8¢ | 7820 | 1 |
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| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
8.8¢ |
Change
0.007 ( 8.64 %) |
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| Open | High | Low | Volume | ||
| 8.3¢ | 8.8¢ | 8.3¢ | 183656 | ||
| Last updated 15.13pm 16/05/2024 ? | |||||
| CY5 (ASX) Chart |