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9.0¢ strickland metals limited

Ann: RC Drilling Commences at Ophara Cobalt Project, page-279

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redsceptre

5,336 Posts.

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17/02/17

14:13

Post #: 22701854
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Originally posted by shikobebaby ↑

This is a 13M$ MC company with no announcement on the drill results for their cobalt assets. This isn't your usual blue chip stock where correlations between SP movement of similar companies is high. AYR is high risk and low correlation. If stock picking were that easy everyone would be rich.

I think most are here with the expectation of a confirmatory announcement of cobalt grades >0.1%. I would expect MC to be 20M$ if confirmed—we don't have a JORC like COB, but at least our grades are expected to be higher.

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true, this end of the market you are either pickign a project/company you have researched well and feel is very undervalued or you are spreading your packets around a few different but similar companies within a theme

I like the second approach; this is just one of a bunch of Cobalt explorers, i'm hoping a few of them pop and the others can acceptably be laggards and sold off later

AYR Price at posting: 1.2¢ Sentiment: Buy Disclosure: Held
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Last 9.0¢		Change -0.004(4.26%)		Mkt cap ! $198.6M

Open	High	Low	Value	Volume
9.5¢	9.5¢	8.9¢	$281.1K	3.081M

Buyers (Bids)

No.	Vol.	Price($)
1	98415	9.0¢

Sellers (Offers)

Price($)	Vol.	No.
9.1¢	43352	3

View Market Depth

No.	Vol.	Price($)
1	98415	0.090
3	242415	0.089
2	47727	0.088
1	34480	0.087
3	175000	0.086

Price($)	Vol.	No.
0.091	43352	3
0.093	80000	2
0.094	100000	1
0.096	100000	1
0.097	100000	1

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