Usually would never go for an entry with a fresh listed ASX IPO, but got an entry today in this one. SS1, silver stock with a asset in a tier 1 area in Nevada, having an inferred source of 292MT of AqEQ at 72.4g/t Ag. Obviously the IPO holders are currently sitting on multiple bags right now if they are to sell, which quite frankly is a risk in itself but the current price action seems to be somewhat promising. From initial listing on ASX went all the went from 40 to high 70s, and with the last two days retracing to close the gap.
Could be IPO holders profitaking yesterday and today but the gap from 56 to 70 was always going to be backtested to be filled.
