Yes, I am one of those of investors who added to the SPP but I am philosophical on several fronts regarding this matter. Yes, I could of waited for a moment even after this SPP to purchase at .008 but I am not here for the pip's & also see the importance of adding funds to explore/progress projects. Once I decide to believe in an investment, I like to take a good position & keep building if the potential is still evident.
It is always good to ask questions. Even though the share price has been eroded (as along with many in this sector), a $9 million market cap with these projects is still compelling. A bear market has not helped along with the pending "sharemageddon" that keeps getting forecasted by the various few. We still have a tin resource and at $38,000A per ton, price would make this project a very viable proposition. It will be interesting to see what price's they do allocate to the study when it is released. .
Happy with the board reshuffle as there appears to be intent to progress these projects. Long term board member, Whiting has been deposed but still invested his money. The Taylor & Boyd combination has had success in the past & I personally hope that lightning strikes again. For Boyd to jump on board is a positive as he is a well respected geophysicist in this sector which also includes the running of a successful consultancy business. Besides our resource, one compelling standout for me is the future exploration at Scamander. Just look at the past resources of Roseberry (still operational) & Hellyer (care/maintenace/?) on the other side of the island. Hopefully we can snag a similar style resource but it is very early days ! Good luck with what you decide. All in my opinion of course !
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Last
1.6¢ |
Change
0.001(6.67%) |
Mkt cap ! $33.27M |
Open | High | Low | Value | Volume |
1.7¢ | 1.7¢ | 1.5¢ | $5.073K | 313.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 2730365 | 1.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.6¢ | 524827 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 2720365 | 0.015 |
4 | 2900474 | 0.014 |
3 | 375000 | 0.013 |
4 | 420166 | 0.012 |
2 | 431818 | 0.011 |
Price($) | Vol. | No. |
---|---|---|
0.016 | 524827 | 1 |
0.017 | 872586 | 1 |
0.019 | 1623374 | 3 |
0.020 | 2312029 | 3 |
0.023 | 250000 | 1 |
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