I guess a prime example of a "over valued" SP recently is SIR?
No income - just expenditure on exploration? Reasonable Ni resource - but quite deep? $3.50 today - last I looked...
Now - are they worth that - debatable? They do however have a very good board - with a proven track record (Cosmos).
Who do we have - Cairn and ConocoPhillips ? Good partners - yes I believe so? Have we hit pay dirt? Yes we have - proven.
The market is strange at the moment - but IMO - 30c is a reasonable mark?
Comparable analogy - yes I believe so?
Cheers
I guess a prime example of a "over valued" SP recently is SIR?...
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50.0¢ |
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Mkt cap ! $46.20M | |||
| Open | High | Low | Value | Volume |
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|---|---|---|
| 2 | 5993 | 50.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 5982 | 1 |
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