ORE has a tiny market cap...
...most of the money raised from the listing was used to pay those who established the leases and did the initial resource workup.
They have only a couple million left to develop the resource...
...so to go forward they will have to raise heaps of additional capital diluting the sares on issue or joint venture etc.
The only possible advantage Olaroz had over Rincon was in brine composition but this has been overcome by the new technologies ADY are already using and patenting.
ORE will have to purchase technology and Sodium Sulphate at market value...so will not be able to produce Lithium or Potash as cheaply as ADY.
ORE may be worth looking at in five years...
...but not now.
ORE has a tiny market cap......most of the money raised from the...
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Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $19.55M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 328833 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 492990 | 1 |
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| Last trade - 16.12pm 05/07/2024 (20 minute delay) ? |
| ADY (ASX) Chart |
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