Thanks, barney, I looked through the Singapore presentation but totally missed that line. Goodo! Though with it being H2CY25 for a revenue start I would be hoping more for 14-20 months than 18-24 months.
So $4.5m of the estimated $12.5m for the 4ktpa plant is in the bag. But to pull the FID trigger they need another $8m. A big ask for existing shareholders when the market cap of the company is only presently $24m, especially when Comet Resources, which holds 24% of existing IG6 shares, is a dead weight.
Seeing this project is primarily downstream chemicals not so much upstream minerals and is intended to be revenue earning from day one I'd be hopeful of a government agency like the newly activated National Reconstruction Fund Corporation or maybe Australian Renewable Energy Agency (ARENA) will step up to the plate with maybe a mix of seed equity and debt.
Anyway hoping for the best but expecting a disappointment that this latest dose of non-dilutionary funding puts a cracker under the IG6 share price.
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Last
8.7¢ |
Change
0.002(2.35%) |
Mkt cap ! $16.83M |
Open | High | Low | Value | Volume |
8.8¢ | 8.8¢ | 8.6¢ | $23.13K | 263.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 155813 | 8.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.7¢ | 141552 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5813 | 0.086 |
1 | 43035 | 0.085 |
1 | 50000 | 0.080 |
1 | 12658 | 0.079 |
2 | 19800 | 0.075 |
Price($) | Vol. | No. |
---|---|---|
0.087 | 141552 | 1 |
0.090 | 6500 | 1 |
0.093 | 25000 | 1 |
0.097 | 100475 | 2 |
0.100 | 127027 | 3 |
Last trade - 15.59pm 05/07/2024 (20 minute delay) ? |
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