My investment is based on the valuation of the assets and news flow.
They do have the cash and they are going ahead with the planned drilling in Ecuador and Argentina.
new MRE at both.... new pit optimization all with probability to significantly increase resources and economics of both projects
If in 6 months all planned activities and news flow don't make a positive impact, I would change my mind.
Argentinean Investor bought at 8.5c and committed to buy more at 14c.
So far I see this as an opportunity to buy more at a discount before the news... but not an easy decision when sp trading at this levels. let's see once news are out how it goes.
Ann: Investor Presentation, page-62
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Last
5.2¢ |
Change
-0.002(3.70%) |
Mkt cap ! $72.99M | |||
| Open | High | Low | Value | Volume |
| 5.4¢ | 5.5¢ | 5.2¢ | $69.05K | 1.292M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 912235 | 5.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.4¢ | 159788 | 1 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| CEL (ASX) Chart |