You have to wonder what the shorts have to gain from here (at 10c) ?
To my mind this project is which is now only US $150-160m mkt cap and imo the best they can hope for is a low of ~5c even if things don’t go to plan for mid year permitting.
I believe the qtrly (due next week) will show we have about US$30m in the bank and INR can keep chugging along for another 1-2 years (if they have to in a worse case scenario) which assumes they spend US$3-4m a qtr going fwd.
The shorts may be banking on SBSW not being there but as I’ve mentioned in previous posts I think that’s actually even a positive result for the project.
Permitting is the absolute key (as we all know) then we’re in play. Then the shorts are playing a dangerous game.
Hopefully we’ll have that in 6 mths
Patience
When will the shorts blink ?, page-119
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Last
19.5¢ |
Change
-0.010(4.88%) |
Mkt cap ! $453.4M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 21.0¢ | 19.5¢ | $700.7K | 3.488M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 597521 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 257468 | 7 |
View Market Depth
| Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
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Last
19.5¢ |
Change
-0.010 ( 5.20 %) |
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| Open | High | Low | Volume | ||
| 20.5¢ | 21.0¢ | 19.5¢ | 1320429 | ||
| Last updated 15.59pm 04/06/2024 ? | |||||
| INR (ASX) Chart |