It is all primed for a massive reversal:
- 2 diamond rigs and several RC rigs about to be in operation across BP33 and Grants and other chosen prospects
- 5000m of drilling
- high potential for further big hits
- arbitrage opportunity of 0.7 cents
- very little serious sellers (just a tree shake)
- assays from drilling
- Zola approval
- more broker reports
- $10m cash in the kitty
- results all the way through 2016 and then drilling recommences in 2017.
Management only need a trading halt or frequent news flow and a re-rate will be confirmed.
Note this share was 13 cents when the first diamond intercept was released on 25 Oct. It has dropped to 8.2 cents and 9 days have passed meaning that more juicy intercepts are imminent.
This share is heavily undervalued and will see a rerate in the coming weeks. The patient will be rewarded.
It is all primed for a massive reversal: - 2 diamond rigs and...
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 (20min delay)
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Last
9.6¢ |
Change
-0.002(1.55%) |
Mkt cap ! $205.1M | |||
| Open | High | Low | Value | Volume |
| 9.9¢ | 10.3¢ | 9.4¢ | $1.104M | 11.29M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 861637 | 9.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.6¢ | 105234 | 6 |
View Market Depth
| Last trade - 12.45pm 29/07/2024 (20 minute delay) ? |
| CXO (ASX) Chart |