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2.11%

9.7¢ solis minerals ltd.

Ann: Solis Executes Option to Acquire Lithium Project in Brazil, page-160

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10X Hunter

54 Posts.

84

07/06/23

10:07

Post #: 68168377
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Originally posted by dawgfather: ↑

I bought in just after IPO when copper was the name of the game. With that drill program turning out to be dusters, I ended up taking a tax loss in approx June 2022 (sold all my SLM).

I then saw Boyes get appointed as CEO and the lithium tenements get picked up and at the time I was looking for a new high risk Lithium spec play to invest some capital. I didn't want to buy anything that was already pricing in expectations (that ruled out pretty much every Canadian play).

I think SLM was ~7.5m mkt cap when I bought it. At worst I thought there might be a 20-30% downside and I thought the upside was potentially multiples even if the company just had some good rock chip and visual news.

Turns out the rock chips happened and the visuals are reported as well.

If the drill program is a success then this only has to get to 80-90m for this to return 1000% for me.

But I think it's still important to remember that this is an NI pump stock. Maybe it will end up becoming something of substance, but there's probably more likelihood of the opposite tbh.

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Thanks for sharing indeed Dawg, I believe learning is a lifelong process and if we can learn from others' perspectives and actions, we can all benefit.

SLM Price at posting: 59.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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(20min delay)
Last 9.7¢		Change 0.002(2.11%)		Mkt cap ! $7.489M

Open	High	Low	Value	Volume
9.5¢	9.7¢	9.5¢	$10.57K	111.2K

Buyers (Bids)

No.	Vol.	Price($)
5	134873	9.5¢

Sellers (Offers)

Price($)	Vol.	No.
9.7¢	77820	4

View Market Depth

No.	Vol.	Price($)
5	134873	0.095
1	10985	0.091
1	10000	0.090
1	11627	0.086
1	10000	0.085

Price($)	Vol.	No.
0.097	77820	4
0.098	55917	1
0.099	4333	1
0.105	40000	1
0.110	225849	6

Last trade - 13.11pm 18/06/2024 (20 minute delay)

SLM (ASX) Chart

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