The market responded well to the announcement on open with an increase in buyers, volume and indicative price. Unfortunately, it gave way for a few large holders to offload on a high SP which caused the gap down. “Disappointing” social media posts created a snow ball effect panic sell off. On a positive note it gives good opportunity for sophisticated investors to buy in at a cheap price.
The Botswana update was conservative as it was based off visuals. Hopefully Si6 confirms the off-hole conductors from the electromagnetic survey. The similarities to hole 94 and continuation of the sulphide horizon makes Si6 one step closer (not further) to identifying valuable amounts of Nickel-Copper. Its only a matter of time before the high grade deposits are reflected in Si6 SP.
The Monument Gold project looks promising due to the geological similarities with close by 1m oz+ gold mines. Dacian Gold is a ~50c stock and is ~10kms away. The Monument Gold Project tenements are rich in gold and existing data proves this. We may see really good results in a few weeks.Si6 has plenty of cash in the bank, prospective mining projects and an experienced management team. IMO it will bounce back on the coming results.
DYOR
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.737M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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61 | 224667794 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.2¢ | 15535636 | 28 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
61 | 224667794 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.002 | 15535636 | 28 |
0.003 | 14284874 | 16 |
0.004 | 19291053 | 17 |
0.005 | 4104191 | 12 |
0.006 | 7843276 | 6 |
Last trade - 16.12pm 30/08/2024 (20 minute delay) ? |
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