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.
- Forums
- ASX - By Stock
- Ann: Solis Executes Option to Acquire Lithium Project in Brazil
I bought in just after IPO when copper was the name of the game....
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SLM (ASX) to my watchlist
(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) ? |
Featured News
SLM (ASX) Chart |
The Watchlist
SS1
SUN SILVER LIMITED
Gerard O'Donovan, Executive Director
Gerard O'Donovan
Executive Director
SPONSORED BY The Market Online