I think there is life in it now, not much consolation for LT holders but as a prospect for new buyers to take a punt with huge upside, this company is ripe for the picking. Totally down-trodden, CEO gone, recapitalised, old projects shelved, essentially now a shell looking now for a new asset to pivot and take it in a new direction. SOI not too high like some companies that get to this stage of needing a complete reset i.e. still under 1b SOI is a good result and not too much of a deterrence.
It now starts a new life as a fresh risk/reward proposition based on the next two objectives: Find a new leader, and acquire a new project. The price has formed a clear base over the past 6 months now, volume and strength is building - it's almost starting to read like a stock that is seeing some accumulation taking place. I look at this and I see positions being taken up in anticipation of the potential new direction. I'm new to this one, and happy to get loaded up at sub 1c. This is showing all the hallmarks of a company whose worst days are now in the past. Will be eager to see what sort of project and personnel can be backed into this, fingers crossed for a quality gold/silver project but total speculation at this point.
TMR Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)