He believes that their is no lithium like RMX. They announce something before bad results come out. The difference being I believe (cause I haven't studied RMX that in depth) is RMX went off historical Oil drill results, instead of GEO like us. They found nothing. Our Results could be poor but we will find lithium, just depends on what grades. The real reason for the sell off is people put in Stop losses issued by one of these great investment guides recently. One big holder seen this and sold to trigger these stop losses so he can set himself up to capitalize before results with either cheaper shares/more volume. This announcement is given to steady the tide and show investors what we will be drilling next after the three Tenements in Nevada are complete. The Nickel/Cobalt project in WA is a smart move because a) Its cheaper to drill (probably around the 300 to 400 thousand mark). B) cobalt will be in short supply come 2019 (meaning higher prices/more profit for CAD) c) quick to set up and mine if results come back favourably. cheers
- Forums
- ASX - By Stock
- MTL
- Ann: Exploration Update - Pardoo Nickel Project
Ann: Exploration Update - Pardoo Nickel Project, page-14
-
-
- There are more pages in this discussion • 44 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
Add MTL (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.296M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $4.221K | 2.154M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
105 | 414452441 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.2¢ | 32236696 | 25 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
100 | 412432061 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.002 | 32061692 | 24 |
0.003 | 63260389 | 52 |
0.004 | 22016343 | 20 |
0.005 | 22734018 | 13 |
0.006 | 9856602 | 8 |
Last trade - 14.57pm 11/10/2024 (20 minute delay) ? |
Featured News
MTL (ASX) Chart |