Marker like to starve companies and force them to liquidate assets at the cheap.
Falcon metals (backed by Chalice founders) sold and were happy to consolidate that are while receiving SVY shares. maybe they understand the potential of those nickel tenements?
The company require a lot of cash to drill diamond holes and every campaign is expensive.
Now a market cap of $10M for a company with such a potential and resources is cheap... but the whole sector is oversold.
LCL resources has 2.6Moz of gold in Colombia and market cap also at $10M
Market ignoring developer but with copper getting a bid... SVY may catch a bid once they start drilling again.
Bringing a JV partner to keep developing VIC projects is their strategy
Ann: Stavely Minerals Agrees Terms for Sale of Gambrae Farm, page-12
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Last
4.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $16.04M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 26667 | 4.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.2¢ | 4728 | 1 |
View Market Depth
| Last trade - 16.16pm 07/06/2024 (20 minute delay) ? |
| SVY (ASX) Chart |
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