After doing a bit of comparison between AYR and COB, todays drop i think is un-justified and may catch a lot out scratching there heads on why they sold so low.
COB have had thicker intersections but there grades are far less then the limited drilling AYR have done.
AYR will now better be able to target there deposits/mineralisation due to recent drilling.
COB have obviously a more defined deposit and more advanced drilling stage.
AYR 1/3 the mkt cap of COB but with just as much potential.
Both can take advantage low cost operations due to ore type and location.
Needless to say i think this company under 15m mkt cap is a good price for its serious potential.
DYOR
After doing a bit of comparison between AYR and COB, todays drop...
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Last
9.4¢ |
Change
-0.006(6.00%) |
Mkt cap ! $205.8M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.0¢ | 9.4¢ | $367.8K | 3.766M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 257526 | 9.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.6¢ | 50000 | 1 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| STK (ASX) Chart |