This stock is essentially priced for failure at current levels.
There are shells with 500m+ shares around that have nothing and still manage to have a market cap that is well north of that of NIO.
While I agree that things are not looking very good at the moment price wise I think that if a technical backer and partner is found that things could turn around very quickly.
Am a bit concerned until that point but that said the progress in relation to the scoping study and pfs has looked well presented to me.
Not hugely confident in my knowledge of laterite mining but may give the company a call some time and see how things are going.
This stock is essentially priced for failure at current...
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Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.159M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1263120 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 1100000 | 2 |
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| Last trade - 16.12pm 19/07/2024 (20 minute delay) ? |
| SHE (ASX) Chart |
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