To do the "we need news to push this thing up" speech, from what I've dug out of the fundamentals so far the main announcements we are waiting for are:
- a firming up of the offtake agreements (MOUs) from non-binding to binding.
- Announcements confirming that the organisations that have agreed to "in-principle" financing have upgraded to definite financing, on construction of the graphite mine.
You can't really put a timeline on when those will happen, they could happen anytime. Which means they could happen tomorrow or in 6 months (or longer).
Because there's really nothing else that could move the stock up at this point in time, we can probably expect a bit of volatility while waiting it out for this type of announcement.
Could be a bit of a long wait.
General Discussions, page-422
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Last
9.9¢ |
Change
0.001(1.02%) |
Mkt cap ! $251.5M | |||
| Open | High | Low | Value | Volume |
| 9.8¢ | 10.5¢ | 9.7¢ | $673.6K | 6.770M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 240510 | 9.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.0¢ | 105000 | 2 |
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| Last trade - 16.10pm 30/04/2024 (20 minute delay) ? |
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Last
9.9¢ |
Change
0.001 ( 1.02 %) |
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| Open | High | Low | Volume | ||
| 9.8¢ | 10.3¢ | 9.8¢ | 4358363 | ||
| Last updated 15.58pm 30/04/2024 ? | |||||
| RNU (ASX) Chart |