BML 7.41% 12.5¢ boab metals limited

Decent gain on open, coinciding with a ~3% increase in Pb, and a...

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    Decent gain on open, coinciding with a ~3% increase in Pb, and a 4% increase in Ag prices, good news for shareholders. While this may push price to the historic 0.18c floor and out of the doldrums, a significant re-rate to the PMY highs of 0.60c (i.e. pre-inflation 90m MC) will still probably require the finance/offtake announcements (under relatively favourable conditions) in addition to the decision to mine. Hopefully this isn't seen as an opportunity for investors to exit while there is some form of buy side liquidity coming in. I suspect the vast majority of investors are still heavily in the red.
    Last edited by Gwydaer: 03/04/24
 
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