Who would have thought, a bit of a touch of that cash backing line I added a while back as a possible support line. Though actual cash backing is slightly lower now, around 4.25c.
Is the project doomed, market basically seeing no value in it?
Will be interesting to see if it starts tracking below cash backing as future corporate costs and project costs may be seen as a drain on the cash balance.
Who would have thought, a bit of a touch of that cash backing...
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