Near the top of the ASX losers list today. Holders are deciding whether to cut their losses, or hang in for a turn around. Or is it now a bargain?
Lots of posts bandying around the phrase DYOR.
So what research was/is available?
The existing publicly available surveys were not supportive, as recently reminded (in the face of some hissing and booing) by Vintage. So much for DYOR.
So what supported the value?
There was an argument that the MC was apparently already substantially supported by the material in the waste dumps alone. Has anyone credibly assessed that?
But, more than anything, what pushed EUC's MC up, and even brought in the Instos' $20m, was Tolga's skin in the game, his magical reputation, his fan club.
( All in the context of rising cobalt prices, projected demand, and an anticipated EV boom, etc ).
The idea that the Instos must have been shown compelling information to justify a 20c buy in - is that still credible? Where's that powerful information?
Paying 74% over current SP, the Instos can't be happy with how this is being managed. Hugely embarrassing...
If management CAN share substance to support the price, make the case that after the SP exuberance, there's a solid road map to real value creation, EUC may have bottomed now.
EUC, give us the R to DYOR.
- Forums
- ASX - By Stock
- ASO
- Ann: Dobsina Exploration Update
Ann: Dobsina Exploration Update, page-100
-
- There are more pages in this discussion • 75 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 ASO (ASX) to my watchlist
|
|||||
Last
1.0¢ |
Change
0.001(11.1%) |
Mkt cap ! $12.95M |
Open | High | Low | Value | Volume |
0.9¢ | 1.0¢ | 0.9¢ | $25.23K | 2.669M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 3247443 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 653243 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 21500 | 0.010 |
9 | 3224443 | 0.009 |
7 | 2577735 | 0.008 |
5 | 465998 | 0.007 |
5 | 1516833 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 653243 | 1 |
0.011 | 997536 | 5 |
0.012 | 1128883 | 4 |
0.013 | 10000 | 1 |
0.014 | 187818 | 2 |
Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
Featured News
ASO (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online