It is great to see Liontown Resources up 69% on a takeover offer. Just goes to show how much predator companies want to pay for undervalued resource companies in the Lithium sector.
IMHO, the same situation will arise with Stavely Minerals but from a copper supply shortage perspective in the short to medium term once a porphyry mineral system is identified.
Therefore SVY offers both a porphyry discovery upside as well as a possible takeover share pricing upside. Both of which will see the share price rise significantly. Even today, below average number of shares were traded because shareholders are happy to hold their shares in the lead up to any pending announcements.
Other price sensitive news relates to a scoping study release and regional auger drilling assays.
In terms of current drilling, anyone care to guess what the assay turnaround times are from external analytical laboratories?
Porphyry Drilling Status - Q1 2023, page-99
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Last
3.3¢ |
Change
-0.003(8.33%) |
Mkt cap ! $12.60M | |||
| Open | High | Low | Value | Volume |
| 3.4¢ | 3.6¢ | 3.3¢ | $3.595K | 103.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 179652 | 3.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.6¢ | 92638 | 1 |
View Market Depth
| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Last
3.3¢ |
Change
-0.003 ( 2.94 %) |
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| Open | High | Low | Volume | ||
| 3.6¢ | 3.6¢ | 3.3¢ | 145468 | ||
| Last updated 15.59pm 17/05/2024 ? | |||||
| SVY (ASX) Chart |