Whist i had confidence previously in company assets and further assets re rutile - the management and chairman's connections and then the latter SPROTT - I do now have problems with all of it. It all just seems so connected and rigged a often companies do.
I'm not saying they don't have super assets (many companies do but never realize potential) - big plus with new Malawi govt re mining etc.
However what i'm seeing is small transactions beefing up the sp and whilst you say this is good i don't agree.
1. Because absent of big interest/buyers (as much as the company tries to put itself out there) - the sp can retreat very quickly - turnover to bring the sp up to recent highs is low and could well be fabricated - similar to the Srott waffle - and yes i know you do not wish to here this.
2. If indeed this/these assets are superlative - why has not any serious interest been shown. Look at the graphite - i know we are in a subdued graphite market atm but many graphite off takes are happening in leui of future demand - nothing re graphite sales contracts from SVM for a long time - all the focus is on rutile - that;s fine but i'm not comfortable atm - somethings not adding up but small volume which is so easy to manipulate the sp with.
Anyway i can not argue with the sp gains - dam awesome and i enjoyed much of it and enjoyed even more what i then put that windfall into - but i feel it will not take a lot of volume to see it back to July prices - then again as you folk hope - it could zoom! Best wishes all and i sincerely mean that.
I base this on thinking to buy back in but just don't see the value atm. It's not down ramping - i hate that shite - It's just my many years re Malawi - the whole chairman/his connections/sprott - just a few red flags that it's all self serving as many companies do on ASX then prick - balloon pops leaving m&d investors high & dry.
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Last
70.0¢ |
Change
0.020(2.94%) |
Mkt cap ! $419.9M |
Open | High | Low | Value | Volume |
68.0¢ | 70.0¢ | 67.0¢ | $246.9K | 360.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | 69.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
70.0¢ | 5694 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | 0.685 |
1 | 6773 | 0.675 |
1 | 7700 | 0.670 |
1 | 35000 | 0.665 |
4 | 16316 | 0.660 |
Price($) | Vol. | No. |
---|---|---|
0.700 | 5694 | 2 |
0.710 | 24635 | 1 |
0.715 | 10000 | 1 |
0.730 | 6265 | 2 |
0.735 | 5000 | 1 |
Last trade - 16.10pm 26/09/2024 (20 minute delay) ? |
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SVM (ASX) Chart |