At last a sensible, well thought out set of reasons to take a...

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JoeSalami

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10/05/24

10:52

Post #: 73759406
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Originally posted by goldbear77: ↑

Read some posts here that showed a severe lack of market knowledge esp re silver dominant vs silver polymetallic deposits

for eg. Adriatic (adt.asx) was a ~60% lead/zinc 40% silver/gold project by economic metal value last time i looked a few months ago

no one has a problem talking about it getting value for its silver ounces.

=BML will get value for its silver at some point.

why? Because its one of Australia's largest at/near surface silver deposits.

why hasnt it til now?

Because you wouldnt know that if you read a company presentation - and because til now, the market largely hasnt cared to go looking.

but that 2nd will change now silver is nearing the big breakout

so I wont be surprised if BML price uprate starts today bc the cap raise is priced in and the reason for holders taking the placement to sell down is now less than the incentive to hold as much as they can given metal moves (providing Acuity has been muzzled)

when stocks badly underperform in a sector like BML has the past 2 months - they usually play catchup at some point as smart money rotates from expensive to cheaper plays - so long as management makes sure the market knows the stock exists

and BML is now cheaper on a EV/ Ag oz basis than ARD... because ARD's SP has risen so much.

and both are more than 3x cheaper than IVR and about 2x cheaper than SVL, per ounce of silver

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At last a sensible, well thought out set of reasons to take a position outside of incoherent hype and tangential podcasts from the 'end of timers'.

@Turquise. Any chance you can get onto Simon and ask him to polish up another presentation that hi-lights Silver please?

Whilst at it, please ask him to clarify the details or not of the AC muzzle.

BML Price at posting: 10.5¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 9.2¢		Change 0.001(1.10%)		Mkt cap ! $21.47M

Open	High	Low	Value	Volume
9.2¢	9.2¢	9.2¢	$9	100

Buyers (Bids)

No.	Vol.	Price($)
1	16483	9.1¢

Sellers (Offers)

Price($)	Vol.	No.
9.2¢	52400	2

View Market Depth

No.	Vol.	Price($)
1	16483	0.091
4	189683	0.090
2	81000	0.087
1	50000	0.086
1	6470	0.085

Price($)	Vol.	No.
0.092	52400	2
0.095	50000	1
0.100	23124	2
0.105	115380	2
0.110	421552	3

Last trade - 13.34pm 29/07/2024 (20 minute delay)

BML (ASX) Chart

At last a sensible, well thought out set of reasons to take a...

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At last a sensible, well thought out set of reasons to take a...

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