The third tranche of US $10m (A$15m) is due in August.
To date the company has had no difficulties in securing funds for the previous two payments and additional funds for mine development requirements.
I can only assume that the next CR will come from offtake agreements.
The static shareprice is most likely due to institutional investors waiting for security of funding and MRE announcements. I expect news will flow over the next 2-3 weeks. This should then propel the shareprice well over the 50c levels.
As a long time and long term investor I have time on my side and not concerned with daily fluctuations as long as the trend is upwards.
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Last
11.5¢ |
Change
0.005(4.55%) |
Mkt cap ! $132.5M |
Open | High | Low | Value | Volume |
11.3¢ | 11.5¢ | 11.3¢ | $2.479K | 21.66K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 428169 | 11.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.5¢ | 239148 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 428169 | 0.110 |
12 | 740051 | 0.105 |
16 | 701425 | 0.100 |
2 | 140404 | 0.099 |
1 | 100000 | 0.095 |
Price($) | Vol. | No. |
---|---|---|
0.115 | 239148 | 4 |
0.120 | 166109 | 5 |
0.125 | 65000 | 1 |
0.130 | 82294 | 3 |
0.135 | 44983 | 1 |
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