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
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Last
22.0¢ |
Change
-0.005(2.22%) |
Mkt cap ! $511.6M |
Open | High | Low | Value | Volume |
22.5¢ | 22.5¢ | 21.5¢ | $337.1K | 1.535M |
Buyers (Bids)
No. | Vol. | Price($) |
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3 | 317144 | 22.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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22.5¢ | 168176 | 8 |
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No. | Vol. | Price($) |
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3 | 317144 | 0.220 |
15 | 906554 | 0.215 |
22 | 703855 | 0.210 |
10 | 437441 | 0.205 |
22 | 697434 | 0.200 |
Price($) | Vol. | No. |
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0.225 | 168176 | 8 |
0.230 | 78717 | 3 |
0.235 | 220096 | 4 |
0.240 | 64000 | 2 |
0.245 | 140619 | 4 |
Last trade - 16.10pm 27/05/2024 (20 minute delay) ? |
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Last
22.0¢ |
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Change
-0.005 ( 0.18 %) |
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Open | High | Low | Volume | ||
22.0¢ | 22.3¢ | 21.5¢ | 539248 | ||
Last updated 15.59pm 27/05/2024 ? |
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