Bottoms are hard to pick, and at risk of getting smelly fingers. IMO 15c looked a 'value' bottom simply on the basis that 10c seems ridiculous. 10c with $10M cash means a 'market equity value' of only $20M. I'd buy that and sit on it for years no problem, a quality asset at speccy exploration value...
That said, when a major sub holder wants out and is willing to sell 0.5-1M shares per day into an illiquid and nervous stock, during a pending coronavirus pandemic and god knows what sort of long term economic damage, then the price can always go lower. Short term it's all about Colonial.
I was looking at some possible new capex and equity gap scenarios today based on the market update from SFX last week. I think I know what they have in mind, strip out the zircon circuit and significantly drop the capex again. I will post something later.
- Forums
- ASX - By Stock
- SFX
- Ann: Ceasing to be a substantial holder from MUFG
Ann: Ceasing to be a substantial holder from MUFG, page-12
-
- There are more pages in this discussion • 9 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 SFX (ASX) to my watchlist
|
|||||
Last
31.0¢ |
Change
0.010(3.33%) |
Mkt cap ! $121.8M |
Open | High | Low | Value | Volume |
31.0¢ | 32.0¢ | 30.0¢ | $169.5K | 538.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2833 | 30.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
31.0¢ | 69093 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2833 | 0.300 |
1 | 48368 | 0.285 |
5 | 55524 | 0.280 |
1 | 4700 | 0.260 |
1 | 20000 | 0.250 |
Price($) | Vol. | No. |
---|---|---|
0.310 | 69093 | 2 |
0.320 | 80983 | 2 |
0.325 | 3600 | 1 |
0.330 | 16000 | 1 |
0.340 | 14830 | 1 |
Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
Featured News
SFX (ASX) Chart |
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online