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
3.3¢ |
Change
-0.003(8.33%) |
Mkt cap ! $12.60M | |||
| Open | High | Low | Value | Volume |
| 3.4¢ | 3.6¢ | 3.3¢ | $3.595K | 103.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 179652 | 3.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.6¢ | 92638 | 1 |
View Market Depth
| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Last
3.3¢ |
Change
-0.003 ( 2.94 %) |
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| Open | High | Low | Volume | ||
| 3.6¢ | 3.6¢ | 3.3¢ | 145468 | ||
| Last updated 15.59pm 17/05/2024 ? | |||||
| SVY (ASX) Chart |