MJP
Why would the price fall even if royalties were going to increase from say 5% to 7% just for argument sake ?
The stock is undervalued by a multiple of at least 2-3 x on just the BBM resource and DFD figures alone
Then factor in 60% of BBM is unexplored still, there is TBAR next door which is expected to be higher quality, shallower and a much lower strip ratio - so effectively you could expect a doubling of the resource and minimal extra capital requirements over and above the $75M mine build earmarked
NPV of $360M is just on the 40% of BBM - factor in the other 60% and TBAR and you are talking well over $500M+
If you watch the trading during the day and especially the close, you'll see the manipulation as bright as day. I believe that someone is net short several M shares (trying to piece together the ASIC records) and that they are trying to suck out retail selling during trade to cover it
There is a noticeable buyer every close however soaking any and all selling up to 19c (likely an overseas fund given the time) - so why sell at 17.5c or 17c during trade unless you are actively trying to work it lower ?
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Last
7.7¢ |
Change
-0.001(1.28%) |
Mkt cap ! $83.07M |
Open | High | Low | Value | Volume |
7.9¢ | 7.9¢ | 7.5¢ | $11.82K | 151.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 9577 | 7.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.9¢ | 101805 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 9577 | 0.077 |
1 | 65677 | 0.076 |
2 | 21346 | 0.075 |
1 | 30000 | 0.073 |
1 | 50000 | 0.072 |
Price($) | Vol. | No. |
---|---|---|
0.079 | 101805 | 1 |
0.080 | 200000 | 1 |
0.081 | 312804 | 2 |
0.082 | 200000 | 2 |
0.084 | 394999 | 2 |
Last trade - 16.10pm 10/10/2024 (20 minute delay) ? |
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