SRN 0.00% 0.8¢ surefire resources nl

Ann: Surefire Resources Managing Director Interview, page-10

  1. 13,162 Posts.
    lightbulb Created with Sketch. 2675
    Good point, but let’s look at the opportunity the oppies present where an equivalent value for SRN of 50.5¢ could be achieved if/ when the sp hits 12¢.

    This is how it works. Joe and Harry both decide to invest $2k each in Surefire, but, whereas Joe buys 200k SRN at 1¢ each, Harry has more of an appetite for risk, so he buys 1m SRNOD at .02¢ each.

    Wind the clock forward several months and the sp hits 12¢. This is how both investors fared:

    Joe’s $2,000 investment is now valued at $24,000. Harry, on the other hand, has made an absolute killing. If he sells his 1m oppies for true value, he’ll pocket $101,000.

    For Joe to make $99,000 profit on his 200,000 shares, SRN would need to be trading at 50.5¢.

    Please note that this is not investment advice.
 
watchlist Created with Sketch. Add SRN (ASX) to my watchlist
(20min delay)
Last
0.8¢
Change
0.000(0.00%)
Mkt cap ! $15.89M
Open High Low Value Volume
0.8¢ 0.8¢ 0.8¢ $21.84K 2.736M

Buyers (Bids)

No. Vol. Price($)
18 8874106 0.7¢
 

Sellers (Offers)

Price($) Vol. No.
0.8¢ 4535318 6
View Market Depth
Last trade - 12.56pm 21/06/2024 (20 minute delay) ?
SRN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.