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2.6¢ paterson resources ltd

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JandJ

10,365 Posts.

2670

16/04/19

11:51

Post #: 38159173
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Originally posted by spartancroft: ↑

I would take a slightly more conservative approach. I think it's definitely worth considering, although the arguments against the reacquisition are formidable, shareholder confidence being the first and foremost! Vanadium was added to the strategic metals list in 2018, so I think there's still some money to be made in the market globally. However with 50% production coming from China doubtless on a cost base nobody else can compete with, combined with a sinking price would mean a very careful due diligence (something new for HDY in recent times) would need to be conducted. The argument for attending to your own backyard before you plough the neighbours field is also strong, I guess time will tell.

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Vanadium price has crashed since its high spike - IMO. do not enter V until an assured market at reasonable price establishes itself - the Patterson's Range RIO nearology tenement is worth some intense study with electro-mag and SAM MMC studies like used by AMG at Cloncurry, and AZY north of Telfer. Or have they already done that kind of work there?
The Phoenix did rise from the ashes - according to legend, or was it myth !! Lol -

HDY Price at posting: 0.4¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 2.6¢		Change -0.003(10.3%)		Mkt cap ! $11.85M

Open	High	Low	Value	Volume
2.7¢	2.7¢	2.0¢	$19.98K	787.0K

Buyers (Bids)

No.	Vol.	Price($)
2	230000	2.0¢

Sellers (Offers)

Price($)	Vol.	No.
2.6¢	38741	1

View Market Depth

No.	Vol.	Price($)
2	230000	0.020
1	300000	0.016
1	500000	0.013
2	231055	0.011
1	200000	0.010

Price($)	Vol.	No.
0.026	38741	1
0.027	338667	1
0.028	739849	4
0.029	613430	3
0.030	1635171	4

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