It comes down to trust and risk management. The competent person is also the biggest shareholder who has the most to gain. The competent person/geologist/major shareholder trusted somewhat a document written in a language that he has already admitted he does not understand. There is a lot riding on the enthusiasm and judgement of one person. He does seem to be highly respected and trustworthy- for all that.
Appropriate for a microcap?
Larger companies and large public institutions have invested squillions based on less.
Risk and reward. I will keep this as a low percentage of my portfolio. Then I can anticipate upside on this and sleep well.
IMHO DYOR
Ann: Amended Announcement - Brazil Lithium Due Diligence Complete, page-4
Add OZM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
5.0¢ |
Change
-0.003(5.66%) |
Mkt cap ! $7.938M | |||
| Open | High | Low | Value | Volume |
| 5.0¢ | 5.0¢ | 5.0¢ | $3.471K | 69.41K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 164583 | 5.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.5¢ | 190000 | 2 |
View Market Depth
| Last trade - 15.59pm 03/05/2024 (20 minute delay) ? |
|
|||||
|
Last
5.0¢ |
Change
-0.003 ( 7.58 %) |
||||
| Open | High | Low | Volume | ||
| 5.0¢ | 5.0¢ | 5.0¢ | 2249 | ||
| Last updated 15.49pm 03/05/2024 ? | |||||
| OZM (ASX) Chart |