I'm a bit surprised the share price didnt do more on Friday. I guess everyone is waiting for flow test results for the share price to really go for it.
At some point these reserves become "proven", and I'm not sure when that is - is it after the flow tests? is it after an independent verifier comes in again to do more analysis and confirm as "proven"? I'm not sure. Welcome any feedback on that.
As for the fair share price prediction, using the 1/3rd rule I have posted about in recent past here on Hot Copper, I upgraded the Amistad reserves by crudely tripling them based on the news yesterday of the net pay region in the upper sections being so much larger, and it's altered my opinion of a fair share price.
Previously, I was landing on about $0.85 AUD. Now I think it is closer to $1.05.
My personal gut feel has always been that it should go to above $1, so this confirms (my bias) lol.
GLTAH.
#I will not sell a single share below $1.
- Forums
- ASX - By Stock
- MAY
- Ann: Block 9 Alameda 2 Increase in Net Pay
Ann: Block 9 Alameda 2 Increase in Net Pay, page-342
-
-
- There are more pages in this discussion • 493 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MAY (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.7¢ |
Change
-0.001(3.57%) |
Mkt cap ! $90.99M |
Open | High | Low | Value | Volume |
2.9¢ | 2.9¢ | 2.7¢ | $87.74K | 3.087M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 848777 | 2.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.9¢ | 284679 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 848777 | 0.027 |
3 | 98379 | 0.026 |
8 | 3469000 | 0.025 |
7 | 2024166 | 0.024 |
8 | 1123578 | 0.023 |
Price($) | Vol. | No. |
---|---|---|
0.029 | 50000 | 1 |
0.030 | 1005727 | 5 |
0.031 | 2970310 | 2 |
0.032 | 1503548 | 6 |
0.033 | 1466600 | 4 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
Featured News
MAY (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online