Agree with you Xin on the primacy of getting a partner at this time as versus undertaking a series of capital raisings to complete the DFS. A basic analysis of the Appian deal would indicate that they will contribute the equivalent of 6.6-6.7c per share net cash over the next 15 months into the PEK/Ngualla holding structure. Accordingly, the market doesn't seem to price PEK's residual 62.5% interest in Ngualla (less 2% GSR) particularly highly given recent share prices.
Many would have expected/demanded more (which I won't argue against), but in this market I'll take being fully funded rather than not. Hopefully we have seen the lows in the share price, but with financial market gyrations these days, this is not a given.
Please DYOR
Agree with you Xin on the primacy of getting a partner at this...
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Last
18.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $49.28M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.0¢ | 18.5¢ | $28.82K | 154.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15106 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 33315 | 3 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| PEK (ASX) Chart |