Hi All,
Bought a few SRZ recently.
Here is my post from another thread which I will elaborate on:
----
SRZ:
- Closed on it's high, up 14%.
- Highest volume in over 2 years.
- Last time there was this much volume it shot up (very quickly) from around the same SP where it started today, up to the mid 20c's - CSD did the same thing (shot up about 500-600%) at the same time.
- CSD leading the way again and SRZ following = easy short-term target of 10-11c and then we will see where/what adventure the TIN TIN takes us on.
- Tin rising and SRZ has some of the best grade tin in the world.
- ~$4M cash in the bank is handy too.
----
TECHNICAL:
SRZ 3 Year Weekly Chart:
CSD 3 Year Weekly Chart:
Tin Price 3 Year Chart:
Looks to me that both SRZ & CSD SP's follow the price if Tin. Here is part of the answer from CSD to an ASX Price Query when the last spike occured for both of the companies:
"The Company notes that the LME tin price has appreciated significantly over recent weeks to in excess of US$23,000 today, and as a result companies with exposure to the tin price are receiving increased attention."
FUNDAMENTAL:
- $4M cash in the bank and currently drilling 2 diamond drill holes as part of 5,300 metres of diamond drilling planned over the next 6 months .
- SRZ has the highest Tin grade around, with intercepts from previous drilling of 12m @ 2.58% Tin, 7m @ 3.97% Tin and 1m @ 12.70% Tin (some mines are <1% Tin).
- Heemskirk Mineral Resource 4.4mt grading 1.1% tin - 48kt of contained tin in 3 nearby deposits (highest grade tin project with JORC resource).
- JORC resource estimate upgrade due in March 2013.
- Excellent existing infrastructure.
- Significant exploration potential in known tin field (18km from Australia’s largest tin mine Renison Bell) & potential to be one of Australia’s largest tin producers.
- US$12,780/t cash cost positions Heemskirk competitively on industry cost curve - Current price of Tin/t is ~US$24,000 (pre-feasibility study currently underway).
- 3,900 tpa of tin in concentrate production ranks project as 2nd in Australia to Renison Bell.
- Production in a couple of years.
- Tin supply shortfall for 5 out of last 6 years.
- Lack of new tin mines.
Also for those that think that the major holder (GIP) is going to sell some shares, I think you are barking up the wrong tree:
From the GIP 2012 Annual Report:
"Stellar has estimated that the three deposits comprise an Inferred Resource of 4.4 million tonnes grading 1.1% tin, making Heemskirk the highest grade, undeveloped tin resource in Australia."
"Gippsland retains an interest of almost 20% in SRZ and will benefit considerably from developments at Heemskirk."
Doesn't sound like they will sell and are looking forward to the real pay-off once the project is developed and the money starts flowing in?
Someone mentioned that the SRZ shares held by GIP are "Held for Sale":
Investments/holdings by companies classified as "Held for Sale" doesn't mean that they are going to sell the investment/holding - it's just how they have to be classified in the Balance Sheet according to Accounting Standards.
My two cents.
Cheers.
- Forums
- ASX - By Stock
- SRZ
- srz - tin (highest grade + world tin shortage)
srz - tin (highest grade + world tin shortage)
-
-
- There are more pages in this discussion • 36 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SRZ (ASX) to my watchlist
|
|||||
Last
1.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $33.27M |
Open | High | Low | Value | Volume |
1.6¢ | 1.6¢ | 1.6¢ | $38.07K | 2.379M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 312500 | 1.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.7¢ | 200000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 312500 | 0.016 |
4 | 2366666 | 0.015 |
5 | 1718571 | 0.014 |
5 | 1294002 | 0.013 |
2 | 129166 | 0.012 |
Price($) | Vol. | No. |
---|---|---|
0.017 | 200000 | 1 |
0.018 | 200000 | 1 |
0.019 | 1825110 | 5 |
0.020 | 2312029 | 3 |
0.022 | 200000 | 1 |
Last trade - 15.12pm 30/08/2024 (20 minute delay) ? |
Featured News
SRZ (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online