Being somewhat anal to market circumstances over the past twelve months, have been been a seller of most of my portfolio with very few interests retained.
This stock is the first punt I have entertained in 18 months.
I am conservative by nature and try to buy when gloom and doom surrounds. Such a practice has served me well for the past 30 years in the mining sector.
This one could be wrong however the management is highly credible IMO, (and I do not say that lightly), and to have three very serious drill programs current on threee continents by people who actually know their onions is a rare accomplishment.
The African stuff is of immediate interest due to the nature of a calcrete play in a new basin (FTE is adjacent and about to announce something) is of serious attraction.
Throw in the current drill program in Sweden, next door to a Canadian flyer, has to get attention from one or two overseas punters.
Then the Australian program which also has substantial merit.
Sure they may want to do a placement down the track, but that track could be awefully attractive in the short term.
Am I biased, you betcha after buying the other day.
But in terms of a 3 month punt few would offer better leverage realising the risks involved IMO.
Cheers, TAS
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14.0¢ |
Change
0.010(7.69%) |
Mkt cap ! $107.1M |
Open | High | Low | Value | Volume |
14.0¢ | 14.0¢ | 13.5¢ | $97.28K | 697.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 137233 | 13.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.0¢ | 58619 | 7 |
View Market Depth
No. | Vol. | Price($) |
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2 | 137233 | 0.135 |
10 | 322855 | 0.130 |
12 | 719743 | 0.125 |
14 | 563397 | 0.120 |
6 | 477696 | 0.115 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 58619 | 7 |
0.145 | 269232 | 6 |
0.150 | 434882 | 4 |
0.155 | 210000 | 3 |
0.160 | 253241 | 6 |
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