TEP
Can't be a placement, it would undermine the equity share valuation, if a top up is needed look to the two principals or the Australian Government. The DFS values the company at just a tad under 1400m US. If and I believe they will, obtain financing for 50% share at a very slight discount to DFS, (and my sums show that without Scandium, current spot prices support revenue outcomes just 5% below DFS assumptions (because of the nickel/cobalt ratios) so when you add back 80tons of Scandium its on the money. So they are not going to do a placement at 30cents.
CLQ Chart, page-124
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Last
41.5¢ |
Change
0.010(2.47%) |
Mkt cap ! $37.44M | |||
| Open | High | Low | Value | Volume |
| 40.5¢ | 41.5¢ | 40.0¢ | $590 | 1.453K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 134905 | 40.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.0¢ | 1208 | 1 |
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| Last trade - 15.57pm 07/08/2024 (20 minute delay) ? |
| SRL (ASX) Chart |