SRN 0.00% 0.3¢ surefire resources nl

Ann: Yidby Gold Project Massive Gold Intersects, page-170

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  1. 5,493 Posts.
    lightbulb Created with Sketch. 2321
    hmmmm. I dont think its manipulation here... there has been some heavy dumping today... stocks with high volume churn accompanied with lots of shares on issue are very hard to manipulate...

    As with all exploration stocks there is fast cash burn... SRN will continue to prove up its resources, but understand there is no money coming in... so hence as the drilling continues accompanied by ongoing results one should expect a roller coaster ride.... I must admit I read a few comments on these threads and I don't think many know how to value a company...especially a exploration company... theres all this dreamy idea that the SP should shoot to the moon... why?

    ITs all good to say we have millions of dollars worth in the ground, but guess what, its in the ground... Capital and Operation expenditure to even start making revenue is in the tens of millions... so hence the market trades the share price of SRN on the news and hype... CR's are inevitable for SRN, so long term holders may suffer... hence why its a high churn stock... this is exploration high risk speculative stocks for you...

    IMO there is still some high chance of gains this week...Im hoping for a short term target of 3.5 cents...
 
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Last
0.3¢
Change
0.000(0.00%)
Mkt cap ! $5.958M
Open High Low Value Volume
0.4¢ 0.4¢ 0.3¢ $4.99K 1.366M

Buyers (Bids)

No. Vol. Price($)
26 29573726 0.3¢
 

Sellers (Offers)

Price($) Vol. No.
0.4¢ 16051791 14
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Last trade - 14.29pm 19/11/2024 (20 minute delay) ?
SRN (ASX) Chart
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