SPX 10.0% 0.9¢ spenda limited

SPX and partner CHN, page-21

  1. 10,466 Posts.
    lightbulb Created with Sketch. 2726
    There is ARN and SRN in the play too, you know.

    I disclose that I am holding both of those (@john435 comments and maps influenced me) and came by today to read up on SPX drilling. One hole I see on a graphic shows a drill intercept of 5m at 28 g/t on SPX and a result of 2m at 29 g/t EOH on ARN - about 2 km between them and on the same NS trending fault.
    You might be interested that ARN's cap of 6 and cash of 4 gives it an EV of $2 mill.

    I reckon the destiny of all these small caps is some kind of M&A and use the Youanmi plant. Remember there is cobalt as well as Ni and literally an estimated billion tonnes of V in magnetite ore on these combined tenements.

    I also hold CHN, and would not be surprised if they have had stern words to SPX, and maybe their lawyers too, who are thinking a nice bonus fee for Christmas. lol. Perhaps their holding in SPX is stragetic, thinking ahead to great success on their under cover plays on N trending structure from Ballarat.

    Too much - my little mind is going bonkers. GL all players.
 
watchlist Created with Sketch. Add SPX (ASX) to my watchlist
(20min delay)
Last
0.9¢
Change
-0.001(10.0%)
Mkt cap ! $41.08M
Open High Low Value Volume
1.0¢ 1.0¢ 0.9¢ $25.69K 2.844M

Buyers (Bids)

No. Vol. Price($)
14 6338750 0.8¢
 

Sellers (Offers)

Price($) Vol. No.
1.0¢ 1888516 10
View Market Depth
Last trade - 14.00pm 20/08/2024 (20 minute delay) ?
SPX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.