SVL 4.55% 17.3¢ silver mines limited

Risks with SVL?

  1. 40 Posts.
    just bought into SVL with the idea that silver prices will be increasing soon. I do not understand why people are selling stock at $0.001. How can i possibly lose money buying at that price? if the price increases i make 100% profit and the only other direction is if the company goes bankrupt. isnt it? and if that does happen does my stock become worthless or would it all be sold at a certain price such as $0.001 which would still mean i make back all my money. I am a pretty new investor and i am failing to see the risks of this investment.
 
watchlist Created with Sketch. Add SVL (ASX) to my watchlist
(20min delay)
Last
17.3¢
Change
0.008(4.55%)
Mkt cap ! $248.8M
Open High Low Value Volume
17.5¢ 17.5¢ 17.0¢ $85.06K 487.3K

Buyers (Bids)

No. Vol. Price($)
20 976961 17.0¢
 

Sellers (Offers)

Price($) Vol. No.
17.5¢ 1836011 12
View Market Depth
Last trade - 10.11am 07/05/2024 (20 minute delay) ?
Last
17.5¢
  Change
0.008 ( 2.94 %)
Open High Low Volume
17.3¢ 17.5¢ 17.3¢ 291383
Last updated 10.20am 07/05/2024 ?
SVL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.