Hope I’m wrong but I can’t see them going any further than early October without a CR. The September quarterly (due late October) is likely to show ~$10-$15m cash left I think (which will be less than two quarters cash - never a wise situation to put a development company into).
In my view we need to have resolved the offtake question and working capital question (equity raise) ideally by end of September at the latest.
My understand though is that DFS and offtake are both a chance of being reported in August.
@GARETH78 any views on upcoming equity raise?
Hope I’m wrong but I can’t see them going any further than early...
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Last
16.0¢ |
Change
-0.005(3.03%) |
Mkt cap ! $447.9M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 16.8¢ | 15.5¢ | $2.295M | 14.26M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 2872481 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 1696215 | 5 |
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| Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
| LRS (ASX) Chart |