It's looking good. Very little risk in my opinion. It's one of those trades that when it finally trades above cash levels, you will look back and think to yourself - of course, I should've bought more.
At current cash burn($3m a quarter), it could plod along in a bear market for two years and come out the end of it with still $44 million in cash with the same market cap. There aren't too many explorers with that advantage. There may even be some good opportunities for SRK.
I've been accumulating for a few weeks and have finished buying. I use stops but I don't expect to need them on this one. But you never know.
I've had this one on my watch list for a while now. Where are you Radgegadge? He brought this to my attention. The rest is up to me now. :) Cheers mate.
Good Luck.
- Forums
- ASX - By Stock
- breakout
It's looking good. Very little risk in my opinion. It's one of...
-
-
- There are more pages in this discussion • 4 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 SRK (ASX) to my watchlist
(20min delay)
|
|||||
Last
3.3¢ |
Change
0.002(6.45%) |
Mkt cap ! $9.931M |
Open | High | Low | Value | Volume |
3.3¢ | 3.3¢ | 3.2¢ | $3.157K | 95.80K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 100268 | 3.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.5¢ | 117000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 12987 | 0.077 |
1 | 50000 | 0.075 |
1 | 250000 | 0.072 |
1 | 100000 | 0.071 |
1 | 50000 | 0.070 |
Price($) | Vol. | No. |
---|---|---|
0.080 | 19545 | 1 |
0.083 | 1300 | 1 |
0.084 | 90000 | 1 |
0.086 | 47000 | 1 |
0.088 | 10000 | 1 |
Last trade - 14.34pm 18/11/2024 (20 minute delay) ? |
Featured News
SRK (ASX) Chart |
The Watchlist
ACW
ACTINOGEN MEDICAL LIMITED
Will Souter, CFO
Will Souter
CFO
SPONSORED BY The Market Online