Reviewed this stock to see where it currently stands...
Scary thought to see 94k available end of sept quarter. Current funds should be around $967,000 - 67k (staff costs) - CEO cost (60k??) - exploration costs from lithium rock chip sampling & assays (100k???) = approx 740k
What's we know:
- Chimu was upgraded and is being floated to be sold
- Awaiting for SA DEPR to approve upcoming graphite drill program
- Graphite metallurgic test work due December Quarter
- Lithium rock chip sampling began 23/11/22
I'd expect the lithium rock chip results before end of Feb but with OAR's turnaround could be longer..
Graphite metallurgic test work & approval for a drill campaign could be announced back to back within a month?
Only problem with that is they will be followed by CR.
We need the Li samples to be positive (a lot higher than the prior ones..) & positive metallurgic results.
2b shares on register is bloody high.
Reviewed this stock to see where it currently stands...Scary...
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0.2¢ |
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Mkt cap ! $4.833M | |||
| Open | High | Low | Value | Volume |
| 0.1¢ | 0.2¢ | 0.1¢ | $30.02K | 20.11M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 73 | 197839622 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 27961705 | 22 |
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| Last trade - 15.05pm 28/06/2024 (20 minute delay) ? |
| OAR (ASX) Chart |