Its very rare to see such support for a volitile stock if, they didnt have so manny shares on issue I might understand.
I do think that every correction is doing more damage to the share price.
Some stocks with strong fundamentals ride a correction stronger. I would rather be on one of those for two reasons, with stronger fundamental value you are guaranteed money back after a time lag and in a correction you know there is definately going to be a bounce due to the fundamentals when the correction clears. examples ALB SMY look at the graph and the correction.
Alright so you are going to say look at the zinc, they have 500m shares and no resource. Companies in this position normally have 50 to 60 million shares on issue which in effect makes a true representation of the share price at 60 cents if they only had 50 million shares on issue.
If you want a comparison look at DML they have 50million tons @ 1.4% copper (OPEN PIT) with 110 million shares, and they are in pre feasiablility. 756K TONS OF COPPER OR
$4.5 BILLION WORTH AT A DISCOUNT OF $6K PER TON.
Good luck but I do think the economics in terms of value for money are flawed and risky.
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Mkt cap ! $102.8M |
Open | High | Low | Value | Volume |
10.5¢ | 11.0¢ | 10.5¢ | $179.3K | 1.648M |
Buyers (Bids)
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---|---|---|
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7 | 718015 | 0.100 |
2 | 520000 | 0.099 |
2 | 107856 | 0.098 |
1 | 40000 | 0.097 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 125047 | 2 |
0.115 | 560000 | 3 |
0.120 | 610160 | 8 |
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