The notices of ceasing to be a substantive shareholder are off...

First 8 Last

Share
Profile

Follow
Spanner1

29 Posts.

1

15/10/20

13:44

Post #: 48118285
Share

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.

Expand

The notices of ceasing to be a substantive shareholder are off the back of the dilution on the raise. Yes they can sell out anonymously after that notice... but given they were probably set when this thing was a property play, who could blame them.

TI1 Price at posting: 3.4¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 17 more messages in this thread...

First 8 Last

Add TI1 (ASX) to my watchlist

(20min delay)
Last 1.4¢		Change 0.000(0.00%)		Mkt cap ! $30.21M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

The notices of ceasing to be a substantive shareholder are off...

Featured News

Dominos looks tasty and tempting, but could be too spicy and even dicey

Lightning spots additional pegmatites during first Brazilian visit

Triangle gets approval for Perth Basin carbon sequestration project

Whitebark launches $1.5M capital raise to progress QLD geothermal assets

Telix dips as pharma giant abandons US IPO for NASDAQ listing – despite record run

Week 24 Wrap: US contagion sentiment not so contagious; iron ore remains pressured

ASX Market Close: Unemployment dips as index climbs | 13 June, 2024

Pearl Gull Iron snaffles REE project in Chile, noting geological echoes of China

ASX Market Close: Consumer Discretionary rises ahead of interest rates decision | June 14, 2024

Maiden production at Alta Mesa puts Boss on the charge for 3Mlbs target

Featured News

The notices of ceasing to be a substantive shareholder are off...

Featured News

Top Stories

Dominos looks tasty and tempting, but could be too spicy and even dicey

Lightning spots additional pegmatites during first Brazilian visit

Triangle gets approval for Perth Basin carbon sequestration project

Whitebark launches $1.5M capital raise to progress QLD geothermal assets

Telix dips as pharma giant abandons US IPO for NASDAQ listing – despite record run

Week 24 Wrap: US contagion sentiment not so contagious; iron ore remains pressured

ASX Market Close: Unemployment dips as index climbs | 13 June, 2024

Pearl Gull Iron snaffles REE project in Chile, noting geological echoes of China

ASX Market Close: Consumer Discretionary rises ahead of interest rates decision | June 14, 2024

Maiden production at Alta Mesa puts Boss on the charge for 3Mlbs target

Featured News