USL 5.71% 16.5¢ unico silver limited

Hi all. @Quamdives For me, nothing has really changed.I am still...

  1. 4,298 Posts.
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    Hi all.
    @Quamdives For me, nothing has really changed.
    I am still bullish and this is one of my highest conviction stocks.
    I was extremely lucky and got all of my allocation in the recent cr.
    I could also take another $30k in the SPP.
    The silver fundamentals are more in our favour while this stock is undervalued against the rest of the Aussie silver sector.
    No doubt there will be some that prefer the deposit in Aus against in Argentina but the grades here could be sensational when looking at the Mia veins.
    When the silver price gets motoring, this should spin multiple of the current mc.
    As always, we can be wrong in our convictions, that is exploration for you.
    What I do like is the way they are copying, ( to some degree ) the Aya story.
    USL has Sprott as the largest holder before the Pinquino Acquisition and the narrative will be endorsed by that imho.
    Besides that, where can you acquire silver at 10-20c an oz?
    Not with the drill bit.
    We have the mre this month and I have no doubts that another acquisition will be forthcoming.
    Let's hope we see another couple and all while the silver price is increasing.
    For me, this is a preferred and undervalued silver stock.
    I am also looking forward to the return to drilling and wonder when we will get that announcement.
    Plenty of catalyst to come for a rerate but resumption of drilling could also be an exciting time.
    Keep an eye on Mr fbx258, he sleeps with one eye open, I am certain.

    Kind regards, Wack.

 
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Last
16.5¢
Change
-0.010(5.71%)
Mkt cap ! $57.93M
Open High Low Value Volume
17.5¢ 17.5¢ 16.5¢ $139.6K 818.7K

Buyers (Bids)

No. Vol. Price($)
2 99982 16.5¢
 

Sellers (Offers)

Price($) Vol. No.
17.5¢ 15681 1
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Last trade - 16.10pm 06/09/2024 (20 minute delay) ?
USL (ASX) Chart
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