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.
Ann: Trading Halt, page-8
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Last
5.9¢ |
Change
-0.003(4.84%) |
Mkt cap ! $17.30M | |||
| Open | High | Low | Value | Volume |
| 6.1¢ | 6.1¢ | 5.6¢ | $24.72K | 421.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 347777 | 5.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.9¢ | 103332 | 3 |
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| Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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Last
5.6¢ |
Change
-0.003 ( 11.1 %) |
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| Open | High | Low | Volume | ||
| 6.1¢ | 6.1¢ | 5.6¢ | 124913 | ||
| Last updated 15.16pm 05/06/2024 ? | |||||
| CY5 (ASX) Chart |