My fear with this thing (bought in at about 25c), is that somebody's going to take it private for 5c to 10c - as the previous poster pointed out, they've got $20-30m in cash they just raised via institutional placement and spp, and they're knocking out 3000tpd in ore, and in some instances, quite a bit more.
And of course there has to be some value to the other assets (additional tenements in Chile, plus Portugal and Armenia) - while it may be low, those assets are not worthless.
I'm trying to decide if I should average down, but of course it's the old falling knife analogy.
What to do....
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.123M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $7.751K | 1.937M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
18 | 11832915 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 989256 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 11832915 | 0.003 |
10 | 16225101 | 0.002 |
10 | 38300102 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 989256 | 1 |
0.005 | 5405155 | 7 |
0.006 | 5487231 | 10 |
0.007 | 3478571 | 5 |
0.008 | 1000000 | 1 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
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SMM (ASX) Chart |