MMA 2.17% 22.5¢ maronan metals limited

Just come across on my "X" feed that silver was the best...

  1. 2,992 Posts.
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    Just come across on my "X" feed that silver was the best performer of any investment for the first 6 months of 2024. Crypto was not included.

    I thought I would compare the silver companies I list in my spreadsheet against silvers performance. There are 3 companies that have not increased their share price in the 6 months where silver has rallied 23.04%. Interestingly, all 3 have a large base metals resource. It appears that silver bulls are more attracted to the companies controlling a larger percentage of their resource in PMs.

    The management of the three companies in red need to get their respective stories out to the public in a more efficient way. Nothing promotes a company better than substantial news flow like drill and assay results and scoping studies or in BMLs and SVLs case, finance and FID. Unfortunately, I hold 2 of the 3 reds.

    The yellow column with the ticks is highlighting those companies that have outperformed the increase in silver by 2x, which is the bare minimum in a silver bull. SS1 have half the amount of shares available to trade compared to MMA but consistently average 1M shares traded (60M shares Vs $110M shares). Maybe MMA management need to compare what SS1s management are doing that is different to their own methods in promoting its project.

    I have an investment in the TSX and it and along with a lot of stocks I follow are up 20%-30% for this week. The ASX stocks have been pathetic and that is putting it mildly. Let's see what Monday brings.

    https://hotcopper.com.au/data/attachments/6292/6292701-7941ec01eaa4da68702a433b52b8ae24.jpg
 
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Last
22.5¢
Change
-0.005(2.17%)
Mkt cap ! $45.28M
Open High Low Value Volume
23.0¢ 23.5¢ 21.5¢ $80.64K 354.9K

Buyers (Bids)

No. Vol. Price($)
2 13450 21.5¢
 

Sellers (Offers)

Price($) Vol. No.
23.0¢ 10917 1
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Last trade - 15.40pm 26/07/2024 (20 minute delay) ?
MMA (ASX) Chart
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