That's true it could prove to be a great source of funding.
The big question is though are they going to deliver the PFS this quarter ( only 19 days left ) as promised ?
They have missed self imposed deadlines 3 times already. Failure to finalise the document by months end will not be taken well by the market. Particularly in the current environment of falling metals prices. In fact i will go as far to say that yet another delay on the PFS will see the shares selling on market for less than the rights issue price.
EV’s & Various Metals Demand, page-3
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Last
11.5¢ |
Change
-0.005(4.17%) |
Mkt cap ! $63.91M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 11.5¢ | 11.5¢ | $11.37K | 98.94K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 89603 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 113500 | 3 |
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| Last trade - 15.48pm 29/11/2024 (20 minute delay) ? |
| PEX (ASX) Chart |
