Your post is spot on.
In particular there is a lot of wisdom / experience in your last paragraph.
Companies should either buy very cheap early stage exploration plays or derisked operational assets. S32 got skinned by a smart seller with a history of flipping projects at in development.
Ann: Hermosa Project Non-Cash Impairment, page-31
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Last
$3.04 |
Change
0.055(1.85%) |
Mkt cap ! $13.76B | |||
| Open | High | Low | Value | Volume |
| $3.03 | $3.05 | $3.02 | $18.10M | 5.967M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 78 | 312090 | $3.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.04 | 740236 | 66 |
View Market Depth
| Last trade - 12.54pm 29/07/2024 (20 minute delay) ? |
| S32 (ASX) Chart |