To my understanding we have a few options this could go as i find it extremely odd how the payment of 2.6mil is due within a few days yet we aren't in a trading halt yet (most likely this week or an update on the payment).
I do believe with this new top 20, a lot of these lads are completely loaded. With Simon touring last week and the week before, we could be open to a few options in regards to the next ann.
(Unfavourable outcomes)
1. Obviously it could just be a regular cap raise. (which we don't want) But best case out of this is that we only raise to instos and top shareholders, with little going to public. (I'm still not a fan of this outcome)
2. We deffer payment/reschedule payment and complete a cap raise purely for the minimal funds needed to progress the project until a potential cornerstone/Henan investment etc.
(Favourable outcomes)
3. Cornerstone investor from the Top 20. (very possible with the capital some of these guys have)
4. Henan step in with a large figure of funds. (Could do a loan convertible into shares)
5. An offtake agreement from another company surfaces very early, incorporated with funds. (Although I know this outcome is very unlikely and optimistic, it's still possible)
That's just my brain storming.
Anyone else have any ideas to throw around?
Cheers.
- Forums
- ASX - By Stock
- BML
- Ann: Updated PFS Confirms Strong Economics of Sorby Hills
Ann: Updated PFS Confirms Strong Economics of Sorby Hills, page-103
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
Add BML (ASX) to my watchlist
(20min delay)
|
|||||
Last
9.5¢ |
Change
-0.005(5.00%) |
Mkt cap ! $22.17M |
Open | High | Low | Value | Volume |
10.0¢ | 10.0¢ | 9.5¢ | $139.5K | 1.407M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 40000 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 107369 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | 0.096 |
1 | 6000 | 0.093 |
2 | 15500 | 0.092 |
2 | 30789 | 0.091 |
4 | 212222 | 0.090 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 107369 | 2 |
0.110 | 145238 | 2 |
0.115 | 138000 | 3 |
0.120 | 208806 | 4 |
0.125 | 97020 | 2 |
Last trade - 15.56pm 04/10/2024 (20 minute delay) ? |
Featured News
BML (ASX) Chart |