Not sure about the construction of our own mill next year , the cost at the beginning of last year was indicated at around $80 mil ,since then the cost is up 30-50% according to management , and will likely raise further into the year.
unless our SP increases substantially, financing130-150 mil would require excessive dilution of share base if SP stays in the region of 12-13 cents as it has for the last year, regardless of the great news we have had.
The best result i can see going forward is either a merger with a company with a mill or find a second hand mill to dismantle and relocate .
would be interested in any other ideas the group has ,and put forward for discussion .
Not sure about the construction of our own mill next year , the...
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Last
5.5¢ |
Change
-0.002(3.51%) |
Mkt cap ! $38.55M | |||
| Open | High | Low | Value | Volume |
| 5.7¢ | 5.8¢ | 5.4¢ | $66.83K | 1.194M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25000 | 5.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.6¢ | 72215 | 1 |
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| Last trade - 15.40pm 21/05/2024 (20 minute delay) ? |
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Last
5.4¢ |
Change
-0.002 ( 6.90 %) |
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| Open | High | Low | Volume | ||
| 5.6¢ | 5.6¢ | 5.4¢ | 128123 | ||
| Last updated 15.08pm 21/05/2024 ? | |||||
| HRZ (ASX) Chart |