Don't expect that market cap to be at $11m once it lists tomorrow. If it's to compare with KNL, it will go to $2. I'd be happy with a more modest gain, but I think it will start trading well above the nominal 20c price and keep heading north. Once the offtake agreement is formalised then it's anyone's guess how high it will run.
Compare to KNL, page-4
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Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.637M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 719369 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 982500 | 1 |
View Market Depth
| Last trade - 11.34am 19/11/2024 (20 minute delay) ? |
| MVL (ASX) Chart |
Day chart unavailable