From memory the funding that never happened was for about $500,000. That is peanuts
I believe that the off-take "agreement" that never happened will happen going forward.
So in summary we had a huge SP fall down to the 0.250 due to the ridiculous CR.
The dilution effect was I think about 16%, yet the SP fell to 0.250 (about 50% fall).
The inherent value of the company looking forward say 12 months has not changed.
The risks are that the next application for funds from the WA Govt will fail again (unlikely and again it is not a show stopper as the funds are I think around $500,000)
If the above is correct then surely this is a screaming buy?
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3 | 15893 | 0.110 |
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17 | 773488 | 0.100 |
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Price($) | Vol. | No. |
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