SEI 0.00% 2.9¢ speciality metals international limited

People buy and people sell. Pls moved from a sub 19 to 1.10 as...

  1. 7,689 Posts.
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    People buy and people sell. Pls moved from a sub 19 to 1.10 as lithium prices and sentiment shifted. The key is to explore the potential now. At this point we have 2 potentially very hot sectors in tungsten and lithium salar in Chile. One is green field the other is almost developed requiring upgrading.
    Before the quarry deal this was a non event and relied on new prospects. Now the game has shifted. Share prices are appreciating. Our valuation is only recognising a lithium asset ore drill. It is not recognising a jorc. Sometimes for a stock with failures, runs on the board is required to reestablish confidence. Sure the quarry deal might not be in our favour - however this is not an issue as we get a cashflow business but more importantly the key to unlock value.
    So kick back wait for assays and quarry deal by mid to end March.
 
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