SI6 0.00% 0.4¢ si6 metals limited

This is going to end up being a monster deposit imo. Slow and...

  1. 10,908 Posts.
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    This is going to end up being a monster deposit imo. Slow and steady wins the race. Although it would be nice to see the crazy runs we saw 3 years ago In many stocks, particularly the Li sector. Unfortunately now there is less liquidity in the retail space as the general public are in a cost of living crisis, especially so close to Christmas when they need funds more than ever. We need institutional interest to drive the share price out of the current predicament and absorb the traders who are happy with trading 1 pip. There is always a constant sell wall. Plus the sophisticated investors involved in the recent raise are likely still turning over their excess shares which creates additional pressure. Eventually this stock will break out in a big way. Nobody can fault management who are doing a fantastic job, nobody can fault the results which are clearly above expectations. It is just the general market for small caps which is the problem. I like that management have released this news regarding the sulphides considering lab results are delayed. The core looks exceptional so we can only hope that we get more assays above expectations. Plenty of news flow to come during the next few months too. Then Brazil drilling will begin!
    If you were going to bank on any explorer gaining value and extending their market cap, this would be it imo. Hopefully the major re rate takes place soon, with assays due on numerous prospects in Botswana and then the resource upgrade which is likely to increase significantly Imo.
 
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Last
0.4¢
Change
0.000(0.00%)
Mkt cap ! $9.475M
Open High Low Value Volume
0.4¢ 0.4¢ 0.4¢ $200 50K

Buyers (Bids)

No. Vol. Price($)
21 11971032 0.3¢
 

Sellers (Offers)

Price($) Vol. No.
0.4¢ 17750653 22
View Market Depth
Last trade - 10.09am 24/05/2024 (20 minute delay) ?
Last
0.3¢
  Change
0.000 ( 25.0 %)
Open High Low Volume
0.3¢ 0.3¢ 0.3¢ 6250000
Last updated 15.22pm 24/05/2024 ?
SI6 (ASX) Chart
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