How do you put the SP weakness down to COVID when we broke 12 cents in October?
SP is weak because all the people in the know (directors and SMS) said loud and clear (by not taking up allotments) that 10c was too high a price for this company.
Why? Who knows. I would suggest either FEED is not at all 12 months away, or the CAPEX increase is going to blow the project out of feasibility.
I'm still here, and I took up my allotment, but it takes some major blind faith to believe this project will get to production while TIVAN is still a valid 'new' technology. A company like SMS will have probably hundreds of blue sky projects like TNG that have a 1% chance of being major disruptors. I hope TNG isn't in the 99%.
Sorry to crap on your positive post. I am normally very positive on TNG and realistically if the FEED comes in soon as promised it may be a game changer.
a little PR never hurts, page-2
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Change
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Mkt cap ! $82.07M | |||
| Open | High | Low | Value | Volume |
| 5.2¢ | 5.3¢ | 4.9¢ | $71.71K | 1.413M |
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| 6 | 5119054 | 4.9¢ |
Sellers (Offers)
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| 5.0¢ | 654583 | 2 |
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| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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5.0¢ |
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| 5.2¢ | 5.2¢ | 4.9¢ | 606095 | ||
| Last updated 15.55pm 10/05/2024 ? | |||||
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