I agree with the valuations at the minute, seems like the 101 playbook from the guys at UBS and Regal. Drive fear and doubt into the retail held share register, trigger the stop losses. Retail gets screwed - it’s a tried and tested method and has worked for them many times over.
Personally I’m tempering my expectations. I think what a lot of people are wanting to see is a strategic investor come on board. Someone who can show we will have a path to production, but also can protect the register from this type of campaign from Regal and UBS again. It will also confirm the reason for the consolidation, and remove the doubt we were consolidated for no good reason. I also hope the Chair they appoint is a good one, don’t try to squeeze on penny’s appoint someone with real value add.
I think Snow Lake could be a 500m company. Phil Gross looks to be a smart guy with some heavy hitting contacts, next 12 months will show us with drill results and PEA.
Do I believe we are massively undervalued - yes. Do I think we should be a 300-400m company right now - yes. Am I annoyed we aren’t - yes
Do I believe we will be a producer- yes
Am I prepared to hold - yes
Fundamentals will always come to the fore…..
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Last
18.5¢ |
Change
0.020(12.1%) |
Mkt cap ! $50.30M |
Open | High | Low | Value | Volume |
17.0¢ | 19.5¢ | 17.0¢ | $149.4K | 813.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5811 | 18.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.0¢ | 100001 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5811 | 0.185 |
4 | 150154 | 0.180 |
2 | 125000 | 0.175 |
3 | 175000 | 0.170 |
4 | 62276 | 0.165 |
Price($) | Vol. | No. |
---|---|---|
0.190 | 100001 | 2 |
0.195 | 99670 | 4 |
0.200 | 241339 | 5 |
0.210 | 4650 | 1 |
0.220 | 14500 | 2 |
Last trade - 13.59pm 09/10/2024 (20 minute delay) ? |
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