Share price getting smashed after the company overpromised and underdelivered. Lost a lot of shareholders hoping for those big targets to come through
However, it looks oversold here (like most explorers).
Stavely Minerals had a total of $1.379M cash on hand at the end of the December 2023 Quarter.
Stavely Mineral’s 524-acre property in the Thursday’s Gossan area remains on the market for sale.
The farm alone is worth around $3million.
IF they can sell the farm in this market, they would have $4.3Million to finance the exploration at both Staveley and Hawkstone Projects.
That would give them a lifeline and opportunity to rerate in this market.
Interestingly is that both Chalice and NWM accepted Staveley shares at a much higher price. Last CR at 9c? Interesting to see how this evolve.
I am buyer at these levels. Let's see.
Share price getting smashed after the company overpromised and...
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Last
1.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.248M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1044545 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 299769 | 1 |
View Market Depth
| Last trade - 16.21pm 25/07/2025 (20 minute delay) ? |
| SVY (ASX) Chart |
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