My fear with this thing (bought in at about 25c), is that somebody's going to take it private for 5c to 10c - as the previous poster pointed out, they've got $20-30m in cash they just raised via institutional placement and spp, and they're knocking out 3000tpd in ore, and in some instances, quite a bit more.
And of course there has to be some value to the other assets (additional tenements in Chile, plus Portugal and Armenia) - while it may be low, those assets are not worthless.
I'm trying to decide if I should average down, but of course it's the old falling knife analogy.
What to do....
My fear with this thing (bought in at about 25c), is that...
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.123M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $3.401K | 850.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 11120580 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 1149927 | 2 |
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| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| SMM (ASX) Chart |