Sinbin,
I think you have just about nailed it .Some further thoughts FWIW.
With the zinc price pressing up , and the LME stockpiles rapidly heading the other way , some leverage here for Flory to try to squeeze some financing component from the Offtake partner.
Also , I suspect Aim will conduct a fairly active Roadshow in Aust. and the UK once the offtake Agreement is announced .
Maybe also , the equity raising may eventually be confined to just Institutional Investors . Much simpler --headed by the UK contacts ,with perhaps BHP also keener than usual to contribute given present zinc prices?
Throw in the drilling likely to start on the Zambian Copper/gold / uranium prospect
Lots of possibilities , but provided Zinc maintains its upwards direction, share price upside likely to far outweigh downside , with high volatility factor!
Interesting few months coming up
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Last
84.5¢ |
Change
-0.015(1.74%) |
Mkt cap ! $176.4M |
Open | High | Low | Value | Volume |
85.0¢ | 85.0¢ | 82.5¢ | $227.9K | 271.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1500 | 84.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
85.0¢ | 50000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1500 | 0.840 |
1 | 3000 | 0.830 |
1 | 5000 | 0.820 |
1 | 12345 | 0.810 |
2 | 8280 | 0.805 |
Price($) | Vol. | No. |
---|---|---|
0.850 | 50000 | 1 |
0.920 | 20000 | 1 |
0.930 | 20166 | 2 |
0.940 | 30000 | 2 |
0.945 | 25000 | 1 |
Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
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