The announcement clearly states that they only just beginning project financing. Funding is not arranged.
They will need to raise around $100m to fund the project.
I am not saying this in a negative way, just that your implied statement that the price could increase 15x is not based on reality. Even with the required cap raising it could still be 5x.
Ann: Updated Technical Report, page-9
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Last
3.9¢ |
Change
-0.002(4.88%) |
Mkt cap ! $46.30M | |||
| Open | High | Low | Value | Volume |
| 4.1¢ | 4.1¢ | 3.9¢ | $104.2K | 2.614M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 195000 | 3.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.0¢ | 485851 | 2 |
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| Last trade - 15.11pm 26/11/2024 (20 minute delay) ? |
| AGR (ASX) Chart |
