Big catalysts coming for funding.
-MiiF with US$42mil is reducing the amount needed by both ALL and Piedmont.
-The Board in the last investor call stated they are very clear from the final offtake partner they want US$75-100mil.
This is more than enough to break ground and order equipment. The remaining cash will then come from Piedmont end of the year or early next for production in H2 2025.
Remember if Piedmont did pull out they would lose everything they've invested and Atlantic would be sitting there with about 80% ownership and another 50% offtake to leverage once more. A position of strength to raise any shortfall given the low OPEX and high output.
I believe Assore are about to make a move with a 3rd bid in the coming weeks, this will be an improvement on the last an I anticipate in the 35-40p range.
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Big catalysts coming for funding. -MiiF with US$42mil is...
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Last
37.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $240.3M |
Open | High | Low | Value | Volume |
38.0¢ | 39.0¢ | 37.0¢ | $18.91K | 50.26K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 18201 | 37.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
38.0¢ | 45112 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 18201 | 0.370 |
3 | 107727 | 0.365 |
4 | 188238 | 0.360 |
4 | 104233 | 0.355 |
3 | 17692 | 0.350 |
Price($) | Vol. | No. |
---|---|---|
0.380 | 45112 | 2 |
0.415 | 5135 | 2 |
0.450 | 11060 | 4 |
0.460 | 10400 | 2 |
0.475 | 9213 | 1 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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