SOC
Click for more information
0.00% 10.0¢ soco corporation ltd

"They couldn't get rid of the asset any other way" Are you...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
TRADE NOW
TRADE NOW
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
TRADE NOW
  1. vontrader
    23,919 Posts.
    lightbulb Created with Sketch. 752
    clock Created with Sketch.
    20/12/16
    12:35
    Post #: 21458693
    "They couldn't get rid of the asset any other way"

    Are you suggesting SOC could not sell the asset for more than the $500K of scrip they are to receive through the IPO ? In that case, why would punters pay a $12M market cap on listing for it ...

    I believe sunk costs would be $M+ easily on this, so they've effectively taken a 50% haircut just IPO'ing, perhaps much more - again happy to be corrected

    SOC would have been better selling this for cash and writing it off
    SOC Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NEWS Solar building envelope order secured for iconic WA project—discover more about this groundbreaking solar solution
right-arrow Created with Sketch.
NEWS Nine-month toxicology study completed, find out which biotech just made a breakthrough
right-arrow Created with Sketch.
NEWS Shallow high-grade gold hits at Star of Mangaroon and Popeye—see the latest drill results and what’s next
right-arrow Created with Sketch.
NEWS New gold-copper assays boost confidence in major porphyry target—discover the potential
right-arrow Created with Sketch.
NEWS Exceptional rock chip assays at Pearl Copper Project—up to 930 g/t Ag and 10.05% Cu in Arizona
right-arrow Created with Sketch.
NEWS New insights revealed: high-grade lode gold/copper deposit model for El Dovio Project reinterpreted—see the potential
right-arrow Created with Sketch.
watchlist Created with Sketch. Add SOC (ASX) to my watchlist
(20min delay)
Last
10.0¢ 		Change
0.000(0.00%) 		Mkt cap ! $13.89M
Open High Low Value Volume
10.0¢ 10.0¢ 10.0¢ $10K 100K

Buyers (Bids)

No. Vol. Price($)
1 38064 9.8¢
 

Sellers (Offers)

Price($) Vol. No.
10.0¢ 23500 2
View Market Depth
Last trade - 10.18am 01/10/2024 (20 minute delay) ?
SOC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.