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
You have to wonder what the shorts have to gain from here (at...
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Last
21.0¢ |
Change
0.005(2.44%) |
Mkt cap ! $488.3M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 22.5¢ | 20.5¢ | $457.6K | 2.120M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 174138 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 35577 | 2 |
View Market Depth
| Last trade - 16.10pm 15/05/2024 (20 minute delay) ? |
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Last
21.5¢ |
Change
0.005 ( 3.37 %) |
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| Open | High | Low | Volume | ||
| 20.5¢ | 22.0¢ | 20.5¢ | 753638 | ||
| Last updated 15.59pm 15/05/2024 ? | |||||
| INR (ASX) Chart |