I don't think these allegedly compelling Javelin targets are going to provide much to look forward to based on the timing and discount of this CR. I bought into the concept of not releasing Javelin results as assays come in because it seemed prudent to understand whether you've got a shitty little pod or a proper opportunity. The CR and its deep discount, for me, says there's not much turning up satellite-wise to-date...working on the assumption that the most prospective targets are drilled first.
Hub and Spoke strategies, in of themselves, suggest that the company doesn't have enough material at the hub. So, if there isn't much around at Javelin, then the company will have to learn from it and think carefully about burning cash on any further satellite opportunities. The PFS better be a good piece of work to show us the options considered, particularly project scale selection.
I hope I'm wrong about Javelin...but if I was sitting on some emerging cracking results, I would've tapped the market after their release. It doesn't add-up for me that mgmt would release great results after this magnitude of a CR...Maybe there's a grand plan for it all but I can't make it out based on what's just happened.
DYOR
- Forums
- ASX - By Stock
- Ann: $20 Million Placement to Advance Antler Copper Project
I don't think these allegedly compelling Javelin targets...
Featured News
Add NWC (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.9¢ |
Change
-0.001(5.00%) |
Mkt cap ! $53.96M |
Open | High | Low | Value | Volume |
2.0¢ | 2.2¢ | 1.9¢ | $137.5K | 6.826M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 2297899 | 1.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.1¢ | 500000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 2297899 | 0.019 |
5 | 1900000 | 0.018 |
4 | 2538235 | 0.017 |
7 | 931111 | 0.016 |
1 | 35000 | 0.015 |
Price($) | Vol. | No. |
---|---|---|
0.021 | 500000 | 2 |
0.022 | 2440023 | 5 |
0.023 | 800000 | 4 |
0.024 | 2040000 | 5 |
0.025 | 3820000 | 7 |
Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
Featured News
NWC (ASX) Chart |
The Watchlist
BTH
BIGTINCAN HOLDINGS LIMITED
David Keane, Co-Founder & CEO
David Keane
Co-Founder & CEO
Previous Video
Next Video
SPONSORED BY The Market Online