When the consolidation was announced I wanted out but no one would buy at my base of 0.005. Having previously watched an investment disappear completely after multiple consolidations, I wanted out and out immediately.
I have since had time to reflect and pulled my sell order, now actually feeling quite positive about continuing to hold. Exploration money in the bank and they have a sizeable, proven resource with grade and quantity significantly increasing as their knowledge of the resource increases.
The price of nickel is on the rise and the following research suggests it’s use in car batteries may be even greater in the future.
https://www.world-energy.org/article/27213.html
At less than half a cent this is real punters territory so no guarantees but having money and a sizable existing resource, IMHO puts this one a step ahead of many others at this market cap which are purely a lucky dip. With time and more rational thought the consolidation seems like a sound move if this is to become a reality or it might just keep consolidating away to nothing, but as it stands I’m hopeful there is upside here.
- Forums
- ASX - By Stock
- Ann: Consolidation of Capital
When the consolidation was announced I wanted out but no one...
-
-
- There are more pages in this discussion • 34 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 SBR (ASX) to my watchlist
|
|||||
Last
1.2¢ |
Change
-0.001(7.69%) |
Mkt cap ! $4.715M |
Open | High | Low | Value | Volume |
1.3¢ | 1.3¢ | 1.2¢ | $4.235K | 344.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 235482 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 269044 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 235482 | 0.012 |
3 | 222846 | 0.011 |
3 | 422818 | 0.010 |
1 | 230000 | 0.009 |
2 | 495000 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 269044 | 3 |
0.014 | 383532 | 1 |
0.015 | 53804 | 2 |
0.017 | 19500 | 1 |
0.018 | 187001 | 1 |
Last trade - 13.27pm 20/08/2024 (20 minute delay) ? |
Featured News
SBR (ASX) Chart |