People can be right in the long term but very wrong in the short term especially true in metals and mining. $80m cash, stockpiles, infrastructure + time & sunk capital, Li JORC resource (and uranium tenements), at $105M enterprise value the business by definition is now cheap. Naturally, supply demand dynamics and the capex cycle bring massive swings in sentiment in both directions. It will turn as it always does, the only question is when and does the business have ample runway to endure the pain. By all accounts the cash outflows should now be plugged, so the only thing left is to buy, sit and wait. The money is made in the waiting, newer investors will learn this over multiple cycles.
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Last
9.3¢ |
Change
-0.005(5.10%) |
Mkt cap ! $198.7M |
Open | High | Low | Value | Volume |
9.9¢ | 10.0¢ | 9.3¢ | $3.295M | 34.70M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 365887 | 9.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.4¢ | 883409 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 160000 | 0.093 |
8 | 228042 | 0.092 |
5 | 162000 | 0.091 |
15 | 566558 | 0.090 |
6 | 244301 | 0.089 |
Price($) | Vol. | No. |
---|---|---|
0.094 | 814846 | 6 |
0.096 | 114900 | 3 |
0.097 | 280988 | 2 |
0.099 | 510000 | 3 |
0.100 | 414411 | 8 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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