I would expect a strong move higher on a positive BFS.
The reason being simply , that there are current holders , who know this story very well (including 'yours truly') who have smallish positions but intend increasing exposure post-BFS.
If it transpires that the stock does not move up on posuitive BFS then ... great , we can get set around 10c.
However I would expect 15c first target , a the stock is very tightly held and , as we have seen , any orders around 500k ($45k) can move the stock 1c easily.
Now , assuming the BFS shows a NPV of say 70c/share (which I fully expect) , then its hard to see the stock getting sold down imo.
Remember , a NPV of 70c/share , independantly and thoroughly researched by Lycopodium Pty Ltd , would be very hard to ignore by the market in general , and of course will blip on the radar screens of SGW and other Tantalum players worldwide.
Expect huge press in the UK also , thats where the share price will take its lead imo.
Cheers,
SALTY
- Forums
- ASX - By Stock
- expectations
I would expect a strong move higher on a positive BFS.The reason...
-
-
- There are more pages in this discussion • 50 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SP8 (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.479M |
Open | High | Low | Value | Volume |
0.7¢ | 0.7¢ | 0.7¢ | $49 | 7.549K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 2966957 | 0.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.7¢ | 1027766 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 2966957 | 0.006 |
4 | 1026833 | 0.005 |
5 | 9800000 | 0.004 |
3 | 2300000 | 0.003 |
1 | 1200000 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 1027766 | 2 |
0.008 | 3098926 | 8 |
0.009 | 3355072 | 5 |
0.010 | 1718635 | 6 |
0.011 | 1000000 | 1 |
Last trade - 11.51am 09/09/2024 (20 minute delay) ? |
Featured News
SP8 (ASX) Chart |