SVM 3.08% 63.0¢ sovereign metals limited

Maybe you're missing the fact that there's going to be another...

  1. 987 Posts.
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    Maybe you're missing the fact that there's going to be another 83,095,592 shares issued bringing the market cap at todays price close to $300mil and possibly/probably another ~34.5 mil issued within 12 months.
    Initially that extra market cap is basically money in the bank and is fully justified, however the value of being sured up by a giant is surely much more than todays rise. Institutions etc. don't make decisions to invest in an instant and will take a little time to understand and digest what this has done for SVM and put a value on it then.

    It has been a reasonable chart since last October and this should see it continue imo, gap to close at 50c, hopefully first thing in the morning, then onwards and upwards!
 
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Last
63.0¢
Change
-0.020(3.08%)
Mkt cap ! $354.6M
Open High Low Value Volume
65.0¢ 65.0¢ 61.0¢ $238.0K 379.6K

Buyers (Bids)

No. Vol. Price($)
1 23082 62.5¢
 

Sellers (Offers)

Price($) Vol. No.
63.0¢ 49851 2
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Last trade - 16.10pm 06/06/2024 (20 minute delay) ?
Last
63.0¢
  Change
-0.020 ( 1.56 %)
Open High Low Volume
63.5¢ 63.5¢ 61.0¢ 97657
Last updated 15.56pm 06/06/2024 ?
SVM (ASX) Chart
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