I agree, medium term this stock has tremendous upside. Probably not even medium term, short timeline to FID. We are still in the dark on the debt financing and if they will need more dilution as a part of the capital requirements.
For this reason alone, the stock was always going to tank today - how frustrating. I could have bought 25% more stock today than a few weeks ago.
How they didn't raise in the 40s is beyond me as they knew they needed it coming up. Straight after their last batch of presentations.
This is now unbelievable value. They will mine it IMO, it's just going to be delayed until they drill it and renew the study, my guess 2-3 more months. I have a significant order in waiting to be filled.
Arggghhhh!!!!
I agree, medium term this stock has tremendous upside. Probably...
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Last
37.0¢ |
Change
0.010(2.78%) |
Mkt cap ! $163.9M | |||
| Open | High | Low | Value | Volume |
| 36.0¢ | 37.0¢ | 36.0¢ | $120.3K | 331.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 739 | 36.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.0¢ | 531533 | 9 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| BC8 (ASX) Chart |