D&C
Exactly, couldn't have said it better myself
Generally with more liquid stocks (2-5c) range with this sort of market cap, discussions and at times confusion on forums has little to no impact on the SP
However in the case of SOC with our tight register and lack of free float, it only takes a few people reading tripe on here and selling to really dint the price
At times I almost question whether people are posing questions they already know the answer to in an attempt to bait or incorrect information in an attempt to scare holders
At the end of the day I will keep coming back to the fact it took NCM 7 holes to find Cadia - people are having a dig at Castor after only 2 holes that were drilled from hundreds of m's away a top another drill pad, however they both intercepted bonanza grades !
Wouldn't it be fairer and more balanced to give them credit, say they managed to strike high grade in their first hole from a top another drill pad, encountered bonanza grades, have demonstrated a high grade strike of at least 60m at depth and that once they get on top and drill if it continues to surface then that is a world class deposit in itself that could hold 1M+ high grade ozs - BUT yes it requires more drilling
Same thing for Hobbs Middle East - yes whilst we didn't encounter 800m @ 1.3g/t again we did encounter similar mineralisation that surrounds Hobbs Pipe 1 - so again a fairer arguement is that there is information to support we may have skimmed the pipe (like in GHD007) and requires more drilling
2 holes into Castor and 1 into Hobbs Middle East that were not even drilled from a top of the targets and we have these guys knocking it as if they've drilled 100 holes
Any other company that encountered 10m @ 17.7g/t and then 50g/t+ 60m down strike would be salivating and rushing to get the drill rig up on top to see if it carries to surface - that is just what they are doing and in the meantime also drilling Arcadia
I still can't fault them
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9.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.50M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 156084 | 8.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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9.5¢ | 25000 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 156084 | 0.083 |
1 | 30000 | 0.082 |
1 | 127500 | 0.072 |
1 | 15888 | 0.063 |
1 | 200000 | 0.062 |
Price($) | Vol. | No. |
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0.095 | 25000 | 1 |
0.098 | 22205 | 1 |
0.100 | 20000 | 1 |
0.120 | 12545 | 1 |
0.125 | 67500 | 1 |
Last trade - 16.12pm 13/11/2024 (20 minute delay) ? |
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