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4.00%

9.6¢ solis minerals ltd.

Thanks mate, lots to consider there, very appreciative of your...

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Whyknott

409 Posts.

50

01/06/23

19:22

Post #: 68086774
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Originally posted by dawgfather: ↑

I would have sold on yesterdays pump except for the company indicating that drilling will start within roughly 2 weeks. Moving to drilling this quickly is practically unheard of.

I see the blue sky upside in the next 1-2 months as ~$100m mkt cap (assuming they hit economic grade and thickness with a few holes).

Downside is fairly limited due to the current low market cap. Of course if the drills hit 100% dusters than the market will punish the share price and 15-20 cents is probably on the cards.

Given in averaged at 14 cents, I’m happy to get a look in at a potential SP of $1.6 ($100m mkt cap).

Important to remember, SLM is a junior explorer (I.e exceptionally high risk). Punting on this is a huge gamble - the company is also currently running on the sniff of an oily rag - down to next to no cash currently. Doesn’t take much imagination to consider the outcome if we don’t run a CR before the drilling and then the drills end up hitting dusters - we’ll be raising at a significantly lower price.

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Thanks mate, lots to consider there, very appreciative of your thoughts. The smell of an oily rag v’s potential Blue sky in the next few days, GLTA. Getting caught out with a dud announcement v’s being greedy. Mmmmm. Thank you again

SLM Price at posting: 39.5¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 9.6¢		Change -0.004(4.00%)		Mkt cap ! $7.447M

Open	High	Low	Value	Volume
9.7¢	10.0¢	9.6¢	$2.438K	25.33K

Buyers (Bids)

No.	Vol.	Price($)
2	132965	9.6¢

Sellers (Offers)

Price($)	Vol.	No.
10.0¢	9010	2

View Market Depth

No.	Vol.	Price($)
2	132965	0.096
2	200000	0.095
1	55000	0.094
1	49994	0.093
1	10869	0.092

Price($)	Vol.	No.
0.100	9010	2
0.110	106258	4
0.115	29000	2
0.120	90287	2
0.125	271760	4

Last trade - 16.10pm 07/05/2024 (20 minute delay)


Last 9.6¢			Change -0.004 ( 0.00 %)
Open	High		Low	Volume
9.6¢	9.6¢		9.6¢	11220
Last updated 10.26am 07/05/2024 ?

SLM (ASX) Chart

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