nice post ned.i like this little low risk speccy, short time...

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14/10/20

14:13

Post #: 48087916
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Originally posted by redned71: ↑

G’day all.
Stock being fed out at 3.7 yesterday and 3.8 today. I see several notices of ceasing to be a substantial holder from the vendors of the company we back door listed through. Interesting no escrow, but I think I prefer to get the large holders who are willing sellers out now. Also could be some who got in on the new listing lower down cashing in some nice quick profits. Mkt cap now $70m which is reasonable for where it is, if not a bit expensive. It’s mkt cap you need to think about when assessing how high it can go. $200-300m once in production probably about right, if they don’t have any issues and can produce enough each year. That’s still the big ? to me. Their annual production will be what determines the value. Then how many years of high grade does that give them. High cost, so when the high grade runs out, unless they’ve proven up more or acquired another high grade one, they have no where to go. There’s also development risk until they’re in production, but that’s low with the simple proposed method. But until they get there, always some risk, plus IO price of course.
I only got in yesterday at 3.7; I’m not concerned with short term price gyrations. It may go down a bit, who knows how much more those sellers have to go?
Permits an important milestone as we go. As is new drilling. Be good when they get a website up.
promising emerging junior, but still high risk.
as usual, Caveat Emptor. Risk in all stocks and you should always make up your own mind. I’m just an enthusiastic amateur.
cheers,
ned.

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nice post ned.
i like this little low risk speccy, short time frame till production, things are moving quickly behind the scenes, hence the big buying.
very tight register and some big WA names involved.
im expecting share price to be close to 10c once all approvals are announced.
good luck.

TI1 Price at posting: 3.7¢ Sentiment: Buy Disclosure: Held
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nice post ned.i like this little low risk speccy, short time...

Spartan sniffs 126g/t gold ahead of resource upgrades at WA's Dalgaranga

Patagonia looks to raise $2.15M for South American exploration and development

Scandium a priority metal for Sunrise as it plans feasibility update at Syerston

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Orthocell shares jump on record revenues from sales of collagen bone repair devices globally

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nice post ned.i like this little low risk speccy, short time...

Top Stories

Spartan sniffs 126g/t gold ahead of resource upgrades at WA's Dalgaranga

Patagonia looks to raise $2.15M for South American exploration and development

Scandium a priority metal for Sunrise as it plans feasibility update at Syerston

Mesoblast resubmits US FDA application for approval of Ryoncil in children with graft vs host disease; shares dip -4%

Orthocell shares jump on record revenues from sales of collagen bone repair devices globally

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