Sorry mate, I agree that sentiment is important but all that's required for sentiment to improve is for momentum to kick in. If they were mining tomorrow it would be a $400M asset with $250mp.a. in annual revenues trading at a $350m market cap.
That's just not going to happen. If that were the case you'd see a hostile takeover quicker than you could blink. There's still some uncertainty around mine finance and another possible capital raising followed by a share consolidation. That's what's capping price ATM.
Once this is resolved you'll see this trade closer to it's fair value a little under $0.5 5 years would be closer to $2 imo
Ann: Bonanza Grade Silver from the Aegean Zone at Bowdens Project, page-59
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Last
15.3¢ |
Change
-0.003(1.61%) |
Mkt cap ! $229.9M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 15.5¢ | 15.0¢ | $53.93K | 350.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 69 | 2727451 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 873463 | 29 |
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| Last trade - 13.10pm 22/07/2024 (20 minute delay) ? |
| SVL (ASX) Chart |