SVM 2.52% 58.0¢ sovereign metals limited

panic at the disco

  1. 6,196 Posts.
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    I find the selling and sp decline - although minimal at present a little surprising - thought the bottom to be 13.5c but mass panic on markets I guees no one company is immune.

    SVM are only in exploration and permitting phase - well positioned with over two thirds of drilling samples currently in a lab awaiting extremely positive results - with further low cost expenditure with exploration/drilling continuing. Not in production - no cash flow being effected and by the time this flu/virus passes SVM will be in a Donald Trump "tremendous" position as mega stimulus will see mega demand.

    If I am SYR that's a different scenario with their large graphite operations that had already taken a hit from poor management decisions and selling product to China at lower than cost of production - great opportunity for a takeover by suitor at a very low premium which would be a cruel blow to many holders.
 
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Last
58.0¢
Change
-0.015(2.52%)
Mkt cap ! $326.5M
Open High Low Value Volume
56.5¢ 60.5¢ 56.5¢ $234.1K 402.9K

Buyers (Bids)

No. Vol. Price($)
1 39999 58.0¢
 

Sellers (Offers)

Price($) Vol. No.
60.5¢ 7056 2
View Market Depth
Last trade - 16.10pm 17/06/2024 (20 minute delay) ?
Last
58.0¢
  Change
-0.015 ( 1.36 %)
Open High Low Volume
57.5¢ 59.5¢ 57.0¢ 21974
Last updated 15.50pm 17/06/2024 ?
SVM (ASX) Chart
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