BML 4.76% 10.0¢ boab metals limited

spec miners arent an 'investment' in the classic sense - they...

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    spec miners arent an 'investment' in the classic sense - they are a speculation. Esp silver exposures

    that said I'll point you back to SVL in late 2015

    raise was at 7c if I recall

    i bought post raise at 6.3c

    inside 2 weeks it was above and then raced away

    when precashflow cos issue a lot of shares esp to funds there is often a post raise wilt unless the commod they are attached to is racing.

    This is why I said i expected it to trade around its 'base' bc of where the issue was priced

    there are some stock specifics bc of that

    But don't conflate that into a comment about future prospects

    but this is also why I said mgt needs to be running hard to find the next wave of buyers - soak that weakness and/or source of overbid if and when silver makes its next upmove

    could be a few weeks. Might be tomorrow.
    Only take a weak US NFP or other data to generate US recesssion view and PMs would fly



 
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