SVM 1.87% 52.5¢ sovereign metals limited

I find the selling and sp decline - although minimal at present...

  1. 6,126 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
52.5¢
Change
-0.010(1.87%)
Mkt cap ! $295.5M
Open High Low Value Volume
54.0¢ 54.0¢ 52.0¢ $314.9K 597.7K

Buyers (Bids)

No. Vol. Price($)
1 70 56.0¢
 

Sellers (Offers)

Price($) Vol. No.
53.0¢ 30000 1
View Market Depth
Last trade - 15.31pm 22/05/2024 (20 minute delay) ?
Last
53.0¢
  Change
-0.010 ( 0.93 %)
Open High Low Volume
54.0¢ 54.0¢ 52.0¢ 184603
Last updated 15.59pm 22/05/2024 ?
SVM (ASX) Chart
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