SVY 7.41% 2.9¢ stavely minerals limited

Ann: Clarification of Sulphide Abundances in Drill Hole SMD051, page-92

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,160 Posts.
    lightbulb Created with Sketch. 138
    I think the conclusion will continue to elude us until the assays arrive.

    Here's my logic (from a business valuation angle only):

    I think the market is backing Chris Cairns to a large extent on past performance (IMO) which leads me to believe that the magic number of 426million for the sale of integra is influencing buying decisions.

    2 very different operations but I still think it's being used as a benchmark on market.

    I think there's potential here for an asset that could dwarf integra in the long term.

    But Integra at the time of sale was a fully fledged profitable gold producer and the price of 426m was considered a premium.

    Svy is an unknown explorer with a pretty uncertain future at this stage, yet it's mcap has reached almost $250m at peak last Friday. Almost 60% of the Integra sale price.

    I think the results of the coming assays will be great but to justify the sp and keep it moving upwards, they need to be something spectacular.

    We have a roller coaster ahead of us.

    P.S anyone about to reply with a half arsed shot at me for comparing Staveley to integra should reread this post in its entirety.
 
watchlist Created with Sketch. Add SVY (ASX) to my watchlist
(20min delay)
Last
2.9¢
Change
0.002(7.41%)
Mkt cap ! $13.96M
Open High Low Value Volume
2.5¢ 2.9¢ 2.5¢ $17.75K 689.2K

Buyers (Bids)

No. Vol. Price($)
1 200000 2.7¢
 

Sellers (Offers)

Price($) Vol. No.
2.9¢ 115832 2
View Market Depth
Last trade - 16.10pm 15/11/2024 (20 minute delay) ?
SVY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.