Agree, I have also been increasing my exposure over the last few weeks. (First time posting on this thread).
I think the upcoming sampling but moreover drilling programs are quite interesting.
Anytime you're drilling into alluvial workings the risk verse reward for decent hits is significantly increase.
I suppose there's also a strong level of confidence given the leadership team present. Not exactly the type to take on a 5M EV company unless there was strong degreee of confidence in the tenement holdings and the potential gold it holds. The registry is also quite interesting - there's seemingly a decent amount of long term respective names on the major holding.
I'm not really a technical guy which for those who follow will know, however i do find them fairly astutely decent for indicative markets for increasing/decreasing exposure.
Certainly looks like a break of that consolidation zone. I think 4c is the shorter term target.
Then it's pretty interesting above 4c
noting that even at say 10c we're talking 20M MC - which i guess makes a fair bit of sense.
Once the drill results come back we'll have a much better understanding on just how much the upside looks like as good or great results and we of course need to re-evaluate entirely. But MC seems quite low for prospects, alluvials and the team. Just my opinion though.
Hope everyone is well.
SF2TH
- Forums
- ASX - By Stock
- Ann: Commences RC drilling at Podio prospect, Tengrela South
Agree, I have also been increasing my exposure over the last few...
-
-
- There are more pages in this discussion • 24 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 DM1 (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.839M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 292252 | 2.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.3¢ | 23030 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 292252 | 0.022 |
2 | 400000 | 0.021 |
1 | 500000 | 0.018 |
1 | 600000 | 0.017 |
1 | 100000 | 0.015 |
Price($) | Vol. | No. |
---|---|---|
0.023 | 23030 | 1 |
0.024 | 400662 | 2 |
0.028 | 260357 | 2 |
0.029 | 877294 | 2 |
0.034 | 19677 | 1 |
Last trade - 16.00pm 02/10/2024 (20 minute delay) ? |
Featured News
DM1 (ASX) Chart |
Day chart unavailable