As at December they had 5.45M in debt, then they raised 5.6M and said 4.7M of that would be used to pay off debt plus accrued interest, so I think they still have at least 0.75M debt. Current MC is around 100M and they will need to find ~60M to restart the mine (provided they receive the Fed Govt loan they are seeking). Let's assume 60:40 debt to equity, that comes to 24M in new equity or dilution of roughly 1/4. When that is all done, MC will be in the vicinity of 125M for a fully funded mine which should have fairly short timeframe to re-commence mining and a NPV of $284 and some possibility of further blue sky if they do extend the mine life or if Tungsten price rises significantly.
As at December they had 5.45M in debt, then they raised 5.6M and...
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Last
2.8¢ |
Change
-0.002(6.67%) |
Mkt cap ! $28.11M | |||
| Open | High | Low | Value | Volume |
| 2.9¢ | 2.9¢ | 2.7¢ | $47.19K | 1.649M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 344100 | 2.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.9¢ | 453448 | 2 |
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| Last trade - 15.53pm 04/06/2024 (20 minute delay) ? |
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Last
2.7¢ |
Change
-0.002 ( 12.9 %) |
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| Open | High | Low | Volume | ||
| 2.8¢ | 2.9¢ | 2.7¢ | 423572 | ||
| Last updated 14.00pm 04/06/2024 ? | |||||
| G6M (ASX) Chart |