Now that SVL have put one of their biggest capital raisings to bed, I suspect we will see a bullish phase containing heavy exploration, information flow and serious market/investor promotion.
A close above 12cents will indicate a breakout with the next resistance level around the 19-21 cent range.
I would anticipate that a recovering market and silver price will inject some life into SVL in the coming days.
Continued success at webbs over the coming months should support a modest market cap in the range of $50million IMO. This is based of a doubling in resource estimate and/or further indications via drilling during that period.
IMO
DYOR
expect a breakout - and bullish 6-12mths
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Last
16.5¢ |
Change
-0.005(2.94%) |
Mkt cap ! $248.8M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.5¢ | 16.5¢ | $496.7K | 2.951M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 38364 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 615122 | 7 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| SVL (ASX) Chart |