The results of those trials are due in a matter of days.
This week, it is expected to release its final pilot plant analysis results, which could provide a major catalyst for the company in a year where sustained newsflow could really have a positive impact for investors.
gelaufen ist die letzten Tage würde ich vermuten, dass bei der nächsten News erstmal Gewinnmitnahmen erfolgen. Nicht dass mich das stören würde - die Story ist noch am Anfang, der Weg (und das Aktienkurspotential) noch weit ;-)
INTERNATIONAL FUND INITIATES STRATEGIC INTEREST IN FYI Key points ? International Fund takes initial investment stake in FYI ? GEM Global makes opening investment of $3.13 m via $80 million Capital Commitment Facility ? Strategic investment directed at progressing development of FYI HPA project ? Placement provides long term major shareholder support ? GEM financing is based on FYI?s positive HPA project strategy development FYI Resources Ltd (ASX: FYI) (FYI or the Company) is pleased to announce the initial investment by GEM Global Yield LLC SCS (GEM). GEM intends to provide long term support and shareholder stability to FYI for the development of the Company?s high purity alumina (HPA) project. GEM sees increasing shareholder value as FYI progresses the development its HPA project strategy. The placement of $3.13 million is via the issue of 9.3 million shares under the Company?s $80 million capital commitment facility with GEM. This is the first draw down on the GEM financing facility (announced 11 March 2020) which was put in place to provide FYI with capital support for the development of the Company?s HPA project. 9,300,000 fully paid ordinary shares will be issued at a price of 33.67 cents each calculated according to the terms of the capital commitment facility, under the Company?s current ASX listing rule 7.1A placement capacity to raise gross proceeds of $3,131,310. Proceeds from the share issue will be used to advance FYI's HPA project and costs of the issue (pursuant to the terms of the capital commitment facility). Released with the authority of Roland Hill, Managing Director. For more information please contact: Roland Hill Managing Director Tel: +61 414 666 178 firstname.lastname@example.org About FYI Resources Limited Simon Hinsley Investor & Media Relations