SIH 25.0% 0.3¢ sihayo gold limited

like watching grass that doesnt grow, page-7

  1. 20,449 Posts.
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    You have some points there beatle, I think you will find that infil drilling will be coming to a end over coming months & SIH will then move rigs to other exploration targets outside current resource, which as you know there are many attractive targets to drill.

    Beatle you have to factor in 1 importatnt fact, to prove up 1mil oz inferred can take years of drilling, exploration, money which SIH has achieved whether you think the project will go to production or not is not the case here, that answer will be made when directors finish the DFS, fact is SIH has 1mil oz & many exciting targets outside the current resource that will be explored soon, reason why I compared SIH to ARX is because ARX Indonesian based is now above our market cap & they have 0 ounces of gold which is embarrasing for sih who is far more advanced then ARX, sure ARX might hit some good grades but to get to that 1mil+ oz will take quite a while, so if the market is valuing a raw explorer like ARX at roughly $30mil then imo SIH should be atleast $50mil - $75mil market cap based on current resource & future potential.

    Your theory on the buy/sell depth being so difficult to trade is not wrong, that is why a market needs to be made & this can be achieved if the right insto/broker is approached, the higher the sp is pushed to factor in SIH achievements the more volume will come out to market & investors will be able to trade in & out easier, like we saw when SIH ran up to 10.5 back in oct last year a market was made & it was easier to trade which was appealing to those watching.

    To see gold at $1137 & SIH barely trading is a huge dissapointment for shareholders, we saw 1 presentation take place late feb at the RIU conferance, im hoping this will be followed with promoting to instos/brokers local & overseas.
 
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Last
0.3¢
Change
0.001(25.0%)
Mkt cap ! $30.51M
Open High Low Value Volume
0.3¢ 0.3¢ 0.3¢ $1.977K 660.2K

Buyers (Bids)

No. Vol. Price($)
17 71241020 0.2¢
 

Sellers (Offers)

Price($) Vol. No.
0.3¢ 160076532 18
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Last trade - 10.09am 28/06/2024 (20 minute delay) ?
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