SVY 6.45% 2.9¢ stavely minerals limited

Ann: Capital Raising of up to $8.3M to Fast-Track Exploration, page-145

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  1. 7,788 Posts.
    lightbulb Created with Sketch. 189
    It's an interesting point, but if the discovery hole is good, after the trading holt, the SP will be up 300 - 500+ % at the open.

    Following that logic you are right. If SVY discover a world class porphyry deposit, buying at $2 (approx $300 mill MC) will still leave upside with low risk. The MC will be $1billion+ 6 months later.

    But why not have a bet both ways? Invest some now and a lot more on discovery?
 
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Last
2.9¢
Change
-0.002(6.45%)
Mkt cap ! $13.96M
Open High Low Value Volume
3.1¢ 3.1¢ 2.9¢ $28.99K 962.8K

Buyers (Bids)

No. Vol. Price($)
1 499508 2.9¢
 

Sellers (Offers)

Price($) Vol. No.
3.2¢ 50000 1
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Last trade - 15.43pm 18/10/2024 (20 minute delay) ?
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