I think that if I was advising SRK this is what I would tell them:
1. Hold, just hold … but
2. If you really want some cash in the next 12 months, sell 10% and hold the rest … but
3. If you need more cash in 3 months - then sell another 10%, You may well get 50% more than the first tranche. Hold the rest.
4,5,6 Etc Rinse and repeat. You don’t sell a resource that you expect to double or triple.
Happy Mother’s Day (Australia) tomorrow.
I think that if I was advising SRK this is what I would tell...
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Last
39.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $43.68M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 39.5¢ | 39.0¢ | $21.58K | 55.09K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 60000 | 38.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 6300 | 1 |
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| Last trade - 13.33pm 20/06/2024 (20 minute delay) ? |
| LEL (ASX) Chart |