Hi mango64,
I found from previous experience with my high exposure risky "investments"that they start to bear fruit in about 6 months.
Before I take a large position ,the risk/reward has to be overwhelmingly in my favour.
INL is trading at an all time historical lows.
It had mc of 2m before the 5m cash from Nippon & all the nagging issues with LJC.
Now it has similar value ( 2m + 4m ),with the added bonus of getting rid of LJC.
So,I am not paying any premium.
As a matter of fact ,if we take the royalty from BSM + whatever cash generated from Zeehan residue,INL is trading at a discount to its "guaranteed" cash backing.
I honestly don't see any downside from current levels.
I will patiently wait for the blue sky "potential" .
Regards.
who is the trade monkey?, page-12
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Last
43.0¢ |
Change
0.005(1.18%) |
Mkt cap ! $81.61M | |||
| Open | High | Low | Value | Volume |
| 42.5¢ | 43.5¢ | 42.3¢ | $136.6K | 320.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1200 | 42.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.0¢ | 14985 | 1 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| SDV (ASX) Chart |