SLE
Yes, buyers showing more interest today perhaps another announcement is on the way.
What I like about the announcements that the company has been putting out is that there is fresh news each time and if I read the last couple correctly we can expect news on four fronts, talks with other possible buyers, time line to get the pilot plant, the metallurgy study results and more drilling activity and hence more reserves.
A back of the envelope calculation says they probably have enough money to see them through to early next year when additional funds will be needed for the pilot plant. So no wet blanket to hold back the share price.
The chart points to a move up to around 50 cents and my guess is we will range trade between 40 and 50 and move to around 70 cents when more good news comes through.
Fantastic Commercial announcement, page-14
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Last
41.5¢ |
Change
-0.005(1.19%) |
Mkt cap ! $170.1M | |||
| Open | High | Low | Value | Volume |
| 42.0¢ | 43.0¢ | 41.0¢ | $145.0K | 345.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 24557 | 41.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.0¢ | 8305 | 11 |
View Market Depth
| Last trade - 11.31am 16/08/2024 (20 minute delay) ? |
| TLG (ASX) Chart |