Always check the volume it’s been non existent of late so we stagnate awaiting news, large holders are not selling and fundamentals remain strong.
My thoughts are most news is about tech yet to be, or getting, proven and the benefit could be 1 or 2 yr away so no movement in share price regardless the values that may be generated in future which are substantial.
We need news on instant values or income, we’ve seen the $8.4 m loan paid back from Mount Marion, now we should see cash flow from same on regular basis, the new plant lifting the 4% to 6% is due to come on line around October, the bulk testing of titanium ore must be three months into its six month timescale.
The news on income from Mount Marion probably in year end results and news on DSO offtake partner perhaps in Jan Feb are to me the most likely early sources of income news that will move the share north.
Once we have a DSO partner deal we can split the share knowing that new co will be cash positive DSOing the ore and by how much, together with knowing the income from Mount Marion with new plant online.
Looking further forward battery reprocessing, battery grade lithium plant, titainium the big one etc, should come good in a year or three and if you consider the value in these compared to the shares issued then today’s share price is a screaming buy.
If you don’t like the odds my advice is await DSO deal and sell on high volume day when it’s back at mid forties price, for me it’s a longer hold stick them in a drawer for a year or two and ignore fluctuations in price, high or low, good luck whatever you decide, Loop.
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Last
8.9¢ |
Change
-0.005(5.32%) |
Mkt cap ! $68.47M |
Open | High | Low | Value | Volume |
9.2¢ | 9.2¢ | 8.9¢ | $138.0K | 1.534M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 354581 | 8.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.1¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 354581 | 0.089 |
6 | 341381 | 0.088 |
3 | 221482 | 0.087 |
2 | 103000 | 0.086 |
12 | 264575 | 0.085 |
Price($) | Vol. | No. |
---|---|---|
0.091 | 100000 | 1 |
0.093 | 57000 | 1 |
0.094 | 315000 | 3 |
0.095 | 173629 | 1 |
0.096 | 210514 | 2 |
Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
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