Derkfoote - I have made a few bucks mate. I focus on stocks with defined resources and good management. ADD was a reckless bet based on a mate's tip. My m.o is as follows:
1. Follow the likes of Sprott, Ian Henderson, Pala, Pinetree & Evy Hambro.
2. Follow good management a la Integra, Citadel
3. Do your numbers - work out the adjusted enterprise value per tone/lb or oz of resource in the ground and compare it to peers. Adjusted enterprise value would be market cap + debt - cash + needed capex.
Check out price graphs for Citadel, Aquila, Mantra, Northgate for the last 6 months. I am mainly a gold bug but also look at uranium.
And boys, for all my past sins I lived in Sumatra for 5 years working on a coal project hence my horror and scepticism about our ADD boys venturing into this territory. Finally, i believe the real reason for stopping drilling at LS was that they could not find the uranium not that the uranium sentiment changed. But I could be wrong boys.
Look, I appreciate I have stirred the hornet's nest but as I have said let us wait to hear the facts.
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Last
0.4¢ |
Change
-0.001(12.5%) |
Mkt cap ! $4.240M |
Open | High | Low | Value | Volume |
0.3¢ | 0.4¢ | 0.3¢ | $739 | 225.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 10291060 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 21472528 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 9958053 | 0.003 |
38 | 40120277 | 0.002 |
21 | 29365100 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 21472528 | 11 |
0.005 | 3397005 | 6 |
0.006 | 3656816 | 4 |
0.007 | 12409536 | 9 |
0.008 | 1820001 | 5 |
Last trade - 15.00pm 02/09/2024 (20 minute delay) ? |
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