Really disappointed with the state of play here. I looked up the last 100M CR, IMO after successful share placement notification there were 3 major announcement - 1st DSO shipment, drilling results and Primero contract award. The SP we all know went from $1 to ATH.
This capital raise has $20M SPP component so according to timetable will complete by mid-Sept. I think the SPP can close earlier if there is strong SH interest. Once that is done, we can expect some significant announcement - Next spodumene shipment, firn update, drilling results, BP33 contract award and most importantly DMS recovery update. I also think Carlton may double in resource exceeding BP33 (will see how my 1st prediction works lol)
There is also significant increase in short % for 17/8 (32.5M) and 18/8 (11.8M). Overall short position could reach well in excess of 244M ie ~13%. Remember all these need to be bought on market assuming none were taken in recent capital raise.
Its a bottom draw hold for me....
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Last
11.0¢ |
Change
0.010(10.0%) |
Mkt cap ! $235.0M |
Open | High | Low | Value | Volume |
10.5¢ | 11.5¢ | 10.0¢ | $3.029M | 27.71M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 374502 | 11.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.5¢ | 3715512 | 56 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 87000 | 0.110 |
26 | 2897896 | 0.105 |
74 | 4414169 | 0.100 |
5 | 224070 | 0.099 |
6 | 310408 | 0.098 |
Price($) | Vol. | No. |
---|---|---|
0.115 | 3078907 | 44 |
0.120 | 1236677 | 30 |
0.125 | 764486 | 15 |
0.130 | 783906 | 18 |
0.135 | 942802 | 15 |
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