PUR 20.0% 0.2¢ pursuit minerals ltd

when we are priced at theses absolute discounts, (the selling...

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  1. 14,796 Posts.
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    when we are priced at theses absolute discounts, (the selling just below the CR, we have a cashed up 4m mc, 2m EV)

    Sellers have their reasons, and accumulators have theirs, but buyers wont pull the trigger until either the selling dries up, which largely looks that way, and enter into new buyers when price catalysts in hand.

    further to that metric of a cash injection to the EV from a coober pedy sale ?

    It lights the way, for cash to be used effectively on our JORC, to market the peer imbalance when in hand.

    Our strategic play is historic + drills =>JORC => scoping to peers, and we are in the better of global geopolitical and infrastructural advantage, to market a re-rate.

    imo You need the real report card in hand, to facilitate conservative buyers.

    On the other hand, speculators like my self, need little reason to abstain, when the betting equation looks favorable. Bring the herd, bring the instos, bring the re-rate when there is a price catalyst. That wont happen while the bear market hesitates other speculators to pull the trigger. Bear market is more likely to loosen other hands in peer stocks like NDO or AVL - Than chase new positions. So we can languish at that discount, until that trigger arrives and conservative money decides its time to beat the other conservative money, to the best in class.

    Accumulate at 4m mc, 2m ev.? What if the news flow of the coober pedy JV, alerts an unaware audience of the rock we are hiding under? More the merrier of speculators, until the report card come through scoping.

    if then Volume of trade traffic arrives, and how we on the radar all of a sudden, makes this MC today a quality moment of serenity before the herd arrives.
 
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Last
0.2¢
Change
-0.001(20.0%)
Mkt cap ! $7.270M
Open High Low Value Volume
0.2¢ 0.3¢ 0.2¢ $8.573K 3.786M

Buyers (Bids)

No. Vol. Price($)
54 55488336 0.2¢
 

Sellers (Offers)

Price($) Vol. No.
0.3¢ 15705345 14
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Last trade - 16.10pm 29/11/2024 (20 minute delay) ?
PUR (ASX) Chart
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