Well, its a calculated guess. Most of these commodities stocks’ SP are based on news and hope. The basic reason why they bought the cobalt mines and gave up the tin mines is a testament to that. They are running out of money soon , only way to get the fund is to have a good result on the cobalt mines and that will set the expectations up. 3 ct’s is a achievable near target and CR after that will be quite logical.
This is my bet on this company starting from a low base SP. The cobalt supply situation can be quite a concern to the EV manufacturers as 60% is from congo...a highly unstable supply base. The management will play the game the way it should be played.
Well, i have laid by bet and will see whether i am right.
Cheers . happy trading .
Ann: NSW Project Cobalt-Scandium Mineralisation Analysis Underway, page-116
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Last
0.3¢ |
Change
0.001(20.0%) |
Mkt cap ! $12.83M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $146 | 48.66K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 35764190 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 14967188 | 23 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| JAV (ASX) Chart |