Doing some research and came across this stock as one to follow up on.
Can someone explain the $117m market cap to me. From my reading, there is only some rock chip assays and (strong) potential in Namibe,Angola with a large field of pegs spread for many kilometres. The website isn't particularly helpful - the latest presentation is from 2018....
But even allowing for the strong potential at Namibe, I'm not seeing where $117m market cap comes from. There's also 2.34bn shares already on issue before any drilling starts.
Am I missing something?
My sentiment is hold for now, but seeking to understand more info before I potentially buy.
Large Spodumene, page-67
-
- There are more pages in this discussion • 130 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add TYX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.6¢ |
Change
0.001(20.0%) |
Mkt cap ! $16.43M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.6¢ | 0.5¢ | $1.05K | 190.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 12075740 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 3744008 | 4 |
View Market Depth
| Last trade - 14.27pm 24/07/2024 (20 minute delay) ? |
| TYX (ASX) Chart |