SWK 0.00% 30.0¢ swick mining services ltd

Chart, page-8

  1. 1,190 Posts.
    lightbulb Created with Sketch. 246
    Worst case scenario was this company was only 6% down but it's SP went 50% down.... and they took solid action months ago that even encompasses the fools in Victoria getting locked down with their stay nearby to the drilling site idea. That's boots on the ground thinking that ivory chair folk often wait and see about.

    They envisaged they'd be full steam ahead to at least 2019 levels .... and they sent equipment 14,000km away so they got the goods.

    I hear that some 78% is held by the top20 and institutions buy in low and wait, sell the news.... that's why retail gets their asses kicked because they buy on news .... you gotta look for the stuff before it's news. With gold prices the way they are miners globally are drilling the living shit out of this planet, those guys know that.

    I feel this stock can easy go 18cents to 20 cents and they'll be reporting soon. I too noted that they cap raised, payed a divi, then bought back.... what a deal though.... cap raise at 23 cents and buy back twice as much stock at 13cents for the million spend.... I think these guys want to please too many folk, they want the divi people onboard and they want the SP rising people onboard, plus in hindsight they raised at the right time a paltry amount just to be "safe". One institution bailed earlier and another jumped right in, no change really to the range it was trading. This is accumulation mode of the smarter money.

    Anyway here's LON:CAPD ... note that it is back at the level it was a year ago where as SWK is a huge discount. Note their rise is on pissy volume too, shows it's held tight also, this is undiscovered for most day traders and ST traders. wink.png

    https://hotcopper.com.au/data/attachments/2319/2319613-2990dd37c9c39ae8f1c634ae43948177.jpg



 
watchlist Created with Sketch. Add SWK (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.