The third tranche of US $10m (A$15m) is due in August.
To date the company has had no difficulties in securing funds for the previous two payments and additional funds for mine development requirements.
I can only assume that the next CR will come from offtake agreements.
The static shareprice is most likely due to institutional investors waiting for security of funding and MRE announcements. I expect news will flow over the next 2-3 weeks. This should then propel the shareprice well over the 50c levels.
As a long time and long term investor I have time on my side and not concerned with daily fluctuations as long as the trend is upwards.
Third Tranche
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Last
10.5¢ |
Change
-0.005(4.55%) |
Mkt cap ! $121.0M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 10.5¢ | $193.8K | 1.789M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 57399 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 50000 | 1 |
View Market Depth
| Last trade - 16.10pm 12/06/2024 (20 minute delay) ? |
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Last
10.5¢ |
Change
-0.005 ( 4.55 %) |
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| Open | High | Low | Volume | ||
| 11.0¢ | 11.0¢ | 10.5¢ | 1082078 | ||
| Last updated 15.03pm 12/06/2024 ? | |||||
| LIN (ASX) Chart |