G'day Optimist ..... agree it's not going to happen overnight. I presume you know JRV have signed an MOU with a Chinese group. If this doesn't come off (or another JV partner) they are stuffed as they have next to no chance of placing the number of shares to raise the required funds. As I have stated elsewhere, plenty of ifs in this .... I'm certainly not ramping the stock ... just pointing out possibilities. It could go either way. High risk, high reward ......
Duncan has stated before capex of $200 million would be required. Don't know how much work they have done on this as it seems low compared with what BHP are spending on their laterite Ni project. Ultimately it will hinge on the JV deal and the Chinese have 6 months to reach a decision.
G'day Optimist ..... agree it's not going to happen overnight. I...
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1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $29.73M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.1¢ | $47.15K | 4.125M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 3147807 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 952740 | 4 |
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| Last trade - 16.10pm 20/08/2024 (20 minute delay) ? |
| JRV (ASX) Chart |