The dynamic of only 77m shares vs $31m mkt cap vs 6 Billion tonnes of resources + exploration lends itself towards a spike of comprehensive proportions is on the cards.
For my mind, this will happen sooner than later. 2023 was a crapola year for mostly All resource stocks. 2024 is more a year of green shoots with interest rate cuts on the horizon. The minuscule amount of shares on offer vs overall scope/potential of a project of this scale presents a great buy at levels sub $1.
Considering the investment/resource definition/legwork across mining and community engagement thats been sunk in vs a $31m mkt cap on a resource on this scale. Not many stocks i see out there in the same ball park. Add it's green steel in a state making moves to secure such investment..
Not long now.
Ann: Quarterly Activities Report, page-72
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Last
31.0¢ |
Change
0.020(6.90%) |
Mkt cap ! $30.51M | |||
| Open | High | Low | Value | Volume |
| 29.5¢ | 33.5¢ | 29.0¢ | $149.9K | 478.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15000 | 30.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 3409 | 1 |
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| Last trade - 15.33pm 17/07/2024 (20 minute delay) ? |
| MGT (ASX) Chart |