SPM 0.00% 2.2¢ speewah metals ltd

With the mood the market's been in there appears to be a lot of...

  1. 1,912 Posts.
    With the mood the market's been in there appears to be a lot of very oversold stocks ATM. Also traditionally a good time to pick up bargains sold down for tax losses.

    This particular stock also continues to suffer from being largely unknown to the market (or not well understood), I believe, and it would also appear there is close to nothing in the SP for Vanadium's potential use in batteries(?)

    Also curious trading recently - from the sequences and patterns it appears to be largely one player selling down???

    Here's another post dredged up from earlier that gives another perspective on the current SP - tracking the director buying from last year. I believe these figures collate as follows:

    12 Aug - AB bought 400,000 avg 22.3 cents
    18 Aug - DCH bought 200.000 avg 22.5 cents
    25 Aug - AB bought 580,232 avg 24.5 cents
    3 Sep - AB bought 392,109 avg 31.6 cents
    7 Sep - DCH bought 100,000 avg 36.3 cents
    13 Sep - AB bought 250,000 avg 40.1 cents
    15 Sep - AB bought 750,000 avg 40.2 cents
    21 Sep - DCH bought 100,000 avg 42.5 cents
    27 Oct - AB bought 250,000 avg 35.5 cents
    29 Oct - AB bought 200,000 avg 40.3 cents

    While some of this may reflect the additional value of anticipated copper hits (which have so far disappointed), I believe it gives another perspective on the current SP. As you say, there has been more progress on defining the V resource since then, which I've always considered the main game.

    Cheers.
 
watchlist Created with Sketch. Add SPM (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.