There are no sure things in the investment world.
However, if one can buy well, the chances of a good investment outcome increase significantly.
l believe JRV is within 10% of its likely low price.This capital raise, buys time for the recovery of cobalt prices and reduced financial constraints from existing external financiers for the business to move forward.
Like others here, l am taking up my full 125% opportunity at 6c. I concede to having sold some decent parcels over the last few days at 6.3c and 6.4c to capture value from the 6c call, and raise some additional cash to take up a quite large entitlement of additional stock.
A stock overhang may influence the SP for the next month or so, but beyond that, absent a market meltdown, IMO circumstances strongly favour a price rebound back to 8c - 10c.
GLTASH
There are no sure things in the investment world.However, if one...
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Last
1.2¢ |
Change
-0.002(14.3%) |
Mkt cap ! $32.43M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.4¢ | 1.1¢ | $139.8K | 11.58M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 1883062 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 2066666 | 2 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| JRV (ASX) Chart |