Placement at .008 on June 30 , the last day of tax selling will clear all debt, and give the company the money to achieve the pre feas on guado and progress ILLO
They only provided 2 days of trading before it goes ex entitlement and 1 day after clearing the repayment drag on guado
A few weeks after clearing the 2.5m debt from Junefield
Looks to me like they have someone lined up ready to go to fund the Guado project to me and underwrite a shortfall , if they did it any other way they would of copped major criticism from existing shareholders.
Strong buy in my opinion I bought 1 m at .009 and will take up my full entitlement , and would not be at all surprised to see the Illo results come out during the period of entitlement and see the price rise . making the .008 super cheap .
Just my opinion
Placement at .008 on June 30 , the last day of tax selling will...
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Last
19.0¢ |
Change
-0.010(5.00%) |
Mkt cap ! $532.2M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.5¢ | 19.0¢ | $2.403M | 12.08M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 426200 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 953934 | 9 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| LRS (ASX) Chart |