Regarding 1) Alkane estimated they will have 1 M cash in hand at the end of this quarter. That could well include the design tender for DZP but I haven't been following closely enough to comment on that. Its a good point that they have plenty of short term funding options to cover temporary shortfalls, but the market by nature will be wary of a CR with a quarterly like that.
Regarding 5) I agree MTM and retract that comment. I was looking for some figures prior to posting that but found it really hard to come find anything from the company on (detailed) LREEs of DZP (maybe an area the company can work on given they are at the critical point of financing the project).
I found some figures today, and not sure of the accuracy, but the bottom line is not going to change significantly with any alterations.
Back of the envelope with assumptions of:
- The data is representative of reality at the DZP -old resources figures (I think they have increased but not sure the makeup) -the recent companys statement that the LREEs account for around 24% of revenue (saves doing all the figures) - static price of today assumed - all LREE not mentioned are ignored
On another noted RRL trading again down 18% so we took a small hit to our remaining asset with RRL.
Cheers
ALK Price at posting:
40.0¢ Sentiment: LT Buy Disclosure: Held
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