INF

1.92%

5.3¢ infinity lithium corporation limited

the 500$ increments have been happening for a year from memory

First 1229 Last

Share
Profile

Follow
barkgrind

1,268 Posts.

67

31/05/23

22:51

Post #: 68067454
Share

Originally posted by JoleneJolene: ↑

from my understanding the decree shouldn’t have any bearing on the project if it goes ahead. The only thing the decree helps with is potential funding from the Junta.

in any case, the EU will most likely be the ones funding it via the EU investment bank.

they will need to raise some equity for the project financing, probably 20% or 30%. Obviously they want to raise capital when the share price is higher. However, what fund managers will want to stump up $200m+ US before they have any approvals? None.

I’m not sure how much $ they will need to submit the initial plans to the Junta to assess but I suspect it will cost a few million.

it’s cheap atm because there is no certainty around the project. As soon as there is some clarity, the price could be many multiple times higher than it is now.

it’s going to be a bit of a waiting game until the market knows which way it’s going to go. It seems people like MOR1 (in country) believe it’s happening, but others from Australia are more suspect given the history of the thing.

as for the incoming government/council, it seems they want it to go ahead subject to the usual caveats about environmental assessments etc. the save the mountain crew seem to have received a punch in the face re their election wishes but I suspect they will start cranking up their propaganda again (what else can they do). This new government seems more commercial in their approach, which is good.

when the price was above $0.20 it was because investors thought they were close to a yes to starting the project. I also suspect management wanted those $0.12 options converted. Can it back to $0.20 in the short term? Maybe, but it depends on how enthusiastic the government/council is. If they show they want the project to happen, it will be above $0.20 quickly. If not, everyone will be waiting for the assessment to be completed most probably in Q1 2024.

looking at the recent trading, there is definitely some accumulation going on. Hopefully it’s patient capital rather than traders. It helps no one to see big price swings but that seller has been dropping $500 amounts into the bid for the last few weeks. Maybe they are trying to flush out the traders? Who knows but that sort of automated trading isn’t done by commsec traders.

well that’s enough dribbling from me.

I’m keen for other thoughts, even from (Mario) the platform’s HC monitor.

Expand

the 500$ increments have been happening for a year from memory

INF Price at posting: 12.0¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

Is oil undervalued?

DVP

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

NXG

Cost blow-out for Rook I uranium project sees share plummet for NexGen

WGX

Westgold sets its sights on top five producer status through merger with Karora

GRX

GreenX picks up prospective copper project in Germany

VMS

Venture to sniff out high-grade REE targets at Jupiter project, WA

MGU

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

BOE

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

VMT

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

There are more pages in this discussion • 517 more messages in this thread...

First 1229 Last

Add INF (ASX) to my watchlist

(20min delay)
Last 5.3¢		Change 0.001(1.92%)		Mkt cap ! $24.51M

Open	High	Low	Value	Volume
5.3¢	5.3¢	5.2¢	$13.20K	249.3K

Buyers (Bids)

No.	Vol.	Price($)
1	10000	5.0¢

Sellers (Offers)

Price($)	Vol.	No.
5.3¢	29727	1

View Market Depth

No.	Vol.	Price($)
2	120408	0.049
2	104000	0.048
1	22222	0.045
1	100000	0.040
1	20000	0.037

Price($)	Vol.	No.
0.053	29727	1
0.054	98039	1
0.055	23294	1
0.056	34000	1
0.057	60000	2

Last trade - 15.26pm 02/08/2024 (20 minute delay)

INF (ASX) Chart

the 500$ increments have been happening for a year from memory

Is oil undervalued?

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Westgold sets its sights on top five producer status through merger with Karora

GreenX picks up prospective copper project in Germany

Venture to sniff out high-grade REE targets at Jupiter project, WA

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

the 500$ increments have been happening for a year from memory

Top Stories

Is oil undervalued?

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Westgold sets its sights on top five producer status through merger with Karora

GreenX picks up prospective copper project in Germany

Venture to sniff out high-grade REE targets at Jupiter project, WA

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News