Hi mango64,
I found from previous experience with my high exposure risky "investments"that they start to bear fruit in about 6 months.
Before I take a large position ,the risk/reward has to be overwhelmingly in my favour.
INL is trading at an all time historical lows.
It had mc of 2m before the 5m cash from Nippon & all the nagging issues with LJC.
Now it has similar value ( 2m + 4m ),with the added bonus of getting rid of LJC.
So,I am not paying any premium.
As a matter of fact ,if we take the royalty from BSM + whatever cash generated from Zeehan residue,INL is trading at a discount to its "guaranteed" cash backing.
I honestly don't see any downside from current levels.
I will patiently wait for the blue sky "potential" .
Regards.
who is the trade monkey?, page-12
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Last
47.0¢ |
Change
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Mkt cap ! $89.20M | |||
| Open | High | Low | Value | Volume |
| 47.0¢ | 47.0¢ | 46.5¢ | $60.03K | 128.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 45123 | 46.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.0¢ | 23621 | 1 |
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| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| SDV (ASX) Chart |