So end result, SP gets sold off because shit sector sentiment. I don't see how that's better than dilution to progress the project.
I NVA terms we'd probably be sitting on Korbel at 2.5 million ounces inferred, and have 500 targets, and no studies, and still 12 months away from sentiment turning enough for specs to have a run. During that time they'd still have to raise to keep the lights on. All the while people that held through have a big cap raise hanging over their heads to actually put a drill in the ground.
Explorers explore, it's what they do, and they talk the market into paying for it. If you don't like the business plan invest elsewhere.
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Last
20.5¢ |
Change
-0.015(6.82%) |
Mkt cap ! $44.08M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 21.0¢ | 19.5¢ | $8.718K | 42.01K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 39956 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 8317 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| NVA (ASX) Chart |