Welcome, been lonely here!
The MC is what gets me, its only 50 million and the projects are all permitted and currently at financing stage. Although the minerals sands project is already financed and waiting on the final go ahead from government, which has been submitted and is waiting on the go ahead.
I confirmed with the company yesterday too, the ADY spin out record date has not yet been finalised and likely won't before nearing the escrow period (Feb/March next year). So if you stick around long enough, free shares that may be worth a mint if they strike gold.
Largely, its long forgotten and i think PNG is a bit of a risk for most. However, given the upside potential if they pull only one of these projects off, it'll be a bagger.
the cons, news flow sucks and the lack of liquidity means we get huge jumps up/down in SP... it was up near 38c one day .... now looking at 26c with nothing to sell into..... based on no news.
I like the business and the team are kicking goals, but its definitely a left feilder.....
I've also noted some capping around the 30c mark.... but honestly the trading here is woeful and very hard to draw conclusions.
- Forums
- ASX - By Stock
- Ann: Release from Voluntary Escrow
Welcome, been lonely here! The MC is what gets me, its only 50...
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MRL (ASX) to my watchlist
|
|||||
Last
26.5¢ |
Change
-0.005(1.85%) |
Mkt cap ! $106.9M |
Open | High | Low | Value | Volume |
26.5¢ | 26.5¢ | 26.0¢ | $136.8K | 525.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 113686 | 25.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
27.0¢ | 42999 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 113686 | 0.255 |
3 | 179144 | 0.250 |
1 | 100000 | 0.245 |
2 | 107366 | 0.240 |
1 | 21000 | 0.235 |
Price($) | Vol. | No. |
---|---|---|
0.270 | 42999 | 1 |
0.280 | 192504 | 4 |
0.285 | 8630 | 1 |
0.290 | 70000 | 2 |
0.295 | 23793 | 1 |
Last trade - 14.34pm 23/08/2024 (20 minute delay) ? |
Featured News
MRL (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online