BML 14.3% 12.0¢ boab metals limited

The Silver Monthly Chart looks reasonably positive, with respect...

  1. 2,502 Posts.
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    The Silver Monthly Chart looks reasonably positive, with respect to the MAs converging below price with plenty of room to move on RSI. So apart from the major overhead resistance at the yellow arrow (hope its ok to put yellow arrows on a chart), then the time to buy silver stocks would be after the breakout, not before IMO.

    But not all stocks are the same (cash balance, business case dynamics, management talent, political associations, etc). BML is not going to get funded on the basis of its Silver deposit only, because its business case is geared toward the price of Lead. Its a Lead Mine with Silver, not a Silver Mine with Lead.

    So for anyone wanting an entry, its probably an important to consider the risks associated with the above facts because its likely to get significantly volatile. That aside, there's also the Acuity overhead to consider. The other key flag to watch for is people hyping a stock without talking about the unpinning project fundamentals and the health of the balance sheet.


    https://hotcopper.com.au/data/attachments/6022/6022219-721a2f5cff81037559b47d06641b5726.jpg

 
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Last
12.0¢
Change
0.015(14.3%)
Mkt cap ! $28.00M
Open High Low Value Volume
11.0¢ 12.0¢ 10.8¢ $119.2K 1.028M

Buyers (Bids)

No. Vol. Price($)
1 112698 11.5¢
 

Sellers (Offers)

Price($) Vol. No.
12.0¢ 185575 3
View Market Depth
Last trade - 16.10pm 26/09/2024 (20 minute delay) ?
BML (ASX) Chart
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