Noairbags
Around and around we go
If you read the original announcement, management put no defined time frame on the deal and said they would update shareholders accordingly - as no meetings have occured and they never confirmed a date for the original meeting, why update the market that it has been extended ?
As for your expect a downgrade in the SP, you obviously haven't read the broker report you yourself are referring to. They value the Mt Adrah asset at between $20-30M. At the time the SP was around 20-22c
So if they value 100% of the asset at $20-30M, then 80% would still be $16-20M with money in the bank to target high priorities such as the bonanza grade reefs at Castor
Your entire theory therefore is absolutely ridiculous
SOC was 20-22c before acquiring Mt Adrah. Ignoring Mt Adrah, SOC still retain 80% of PMR which has had huge exploration success and showing real sedex potential, with further results to follow and Jiangsu are continuing their $21M exploration commitment this year across 10 tenements for 30%, not to mention SOC still retain several quality assets outright like EL6483
Yet despite that, you are implying the SP will downgrade further upon farming out an asset they paid $700k for when the stock was 22c, sold the secondary assets for $800k (so already free carried), farmed out at a valuation between $10-20M, and then valued by a broker at $20-30M
So basically, everything in SOC's portfolio is worth nil to you and if they sell 20% of an asset for $2M (valuing it at $10M which they paid $700k for) the SP will further decline
Maybe have a think about your prediction and consider the other assets in the suite before warning people of SP downgrades
- Forums
- ASX - By Stock
- SOC
- update - acea/icp agreement - pending
update - acea/icp agreement - pending, page-12
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
Add SOC (ASX) to my watchlist
(20min delay)
|
|||||
Last
10.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.89M |
Open | High | Low | Value | Volume |
10.0¢ | 10.0¢ | 10.0¢ | $17.5K | 175K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 38064 | 9.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.0¢ | 20000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 38064 | 0.098 |
1 | 5000 | 0.090 |
1 | 6109 | 0.082 |
1 | 80000 | 0.081 |
1 | 14940 | 0.067 |
Price($) | Vol. | No. |
---|---|---|
0.100 | 20000 | 1 |
0.110 | 22205 | 1 |
0.120 | 12545 | 1 |
0.130 | 97482 | 2 |
0.150 | 700000 | 3 |
Last trade - 10.36am 07/10/2024 (20 minute delay) ? |
Featured News
SOC (ASX) Chart |