Very precarious ?
I think you are having a laugh there mate
This is capped at $1.8M with $1.4M cash, it is the cheapest shell on the ASX
Already has Vanadium exposure, recently scrapped their proposed acquisition (hopefully in favor of something more immediate)
If the company confirm they are chasing Vanadium or Gold this would fly
There are plenty of shells with less cash, higher cash burns and worse registers sitting at $5-10M valuations
This is so heavily capitulated and oversold it is a gift
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