Australia's largest stock trading and investment forum Australia's #1 stock forum

SMX

Click for more information

4.17%

2.5¢ strata minerals limited.

Ann: NickelX Defines High-Priority Nickel Targets at Cosmos South, page-100

First 100 Last

Share
Profile

Follow
ProCapitalism

4,928 Posts.

1684

12/03/22

21:24

Post #: 60158614
Share

Originally posted by jantheiler: ↑

How can it smell bad? There's really not much to sniff out at this stage. It is a speculative punt as simple as they come. They are to aquire a tenement (between discoveries), and will drill it as soon as they can based on the available data, no one really knows what is down there until the drill goes down and the MC is low because the evidence that there is somthing there is pretty darn weak, hence if they do find something decent the reward will be very large. It is what it is and the MC reflects the risk vs reward scenario at this stage. It won't move much on nickel price, because we don't t have any nickel.
Many discoveries have happened against the the odds, CHN for example, out of nowhere it came. A total punt of a hole that payed off big time. One thing is for sure, if you don't have your tickets, you can't win. Voisey's Bay......go read the story of that discovery if you haven't already. It happens, just not very often.

Expand

Agreed.

Also, as attractive as nickel is, the gold element could be the icing on the cake.

Always good to see directors buying on market though.

Microsoft Word - Appendix_03Y Jonathan Downes (investi.com.au)

NKL Price at posting: 15.0¢ Sentiment: Buy Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

Making money: How many microcaps should be in an investor's portfolio?

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

There are more pages in this discussion • 3 more messages in this thread...

First 100 Last

Add SMX (ASX) to my watchlist

(20min delay)
Last 2.5¢		Change 0.001(4.17%)		Mkt cap ! $4.770M

Open	High	Low	Value	Volume
2.2¢	2.5¢	2.2¢	$31.75K	1.347M

Buyers (Bids)

No.	Vol.	Price($)
1	500000	2.4¢

Sellers (Offers)

Price($)	Vol.	No.
2.8¢	50000	1

View Market Depth

No.	Vol.	Price($)
1	500000	0.024
1	61363	0.022
3	307660	0.021
3	1074995	0.020
1	100000	0.019

Price($)	Vol.	No.
0.028	50000	1
0.030	154545	2
0.033	67000	1
0.034	500000	2
0.035	100000	1

Last trade - 16.10pm 31/10/2024 (20 minute delay)

SMX (ASX) Chart