SMI 1.89% $1.04 santana minerals limited

Ann: RAS Resource Upgrade - 1m Ounces Added at Higher Gold Grades, page-62

  1. 615 Posts.
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    This one requires a bunch of patience. They are frugal with their cash, are building a decent sized resource at next to no cost, are tightly held and on a $$ per ounce basis they are probably the cheapest gold stock on the ASX. ( Pure guess )
    Downside is atm next to nobody gives a damn. Regal bought stock in the last placement, and the one before, and before that, so always sell a few when it drifts up. Too small atm for any real insto business.
    There is a Euroz Hartley's broker research paper on the SMI site, price target of $1.75
    Best guess there won't be much share price upside until they update from inferred to indicated.
    I put a few more in the bottom drawer every time they drift below the last placement level, happy to do so in expectation of not much this year but hopefully a fair bit next year.
 
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$1.04
Change
-0.020(1.89%)
Mkt cap ! $216.1M
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$1.08 $1.08 $1.04 $170.1K 162.0K

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No. Vol. Price($)
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Price($) Vol. No.
$1.05 17667 5
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Last trade - 14.48pm 04/06/2024 (20 minute delay) ?
Last
$1.04
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$1.06 $1.06 $1.04 9821
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