SRZ 5.88% 1.6¢ stellar resources limited

That's what I thought too Mick...maybe targetted by a...

  1. 739 Posts.
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    That's what I thought too Mick...maybe targetted by a bot....I've got so many now (2.5M) I thought what's a few more and bought the price back up to 4.6c.....algo stirring the pot trying to spook some selling???/trigger some stop losses....who bloody knows.....all I know is that Tin coming out of the ground appears to be getting mighty scarce and stuff in the ground should become more valuable....and at some point a price run may start if companies have any hint that it's hard to get. It's only been below 3000 ton re LME once before in the past 14yrs....do we need to see it get to 2500 or 2000 before real pricing pressure starts....China produce lots of it but they wouldn't appear to be wanting to put any of this on the export market as they as still importing it, despite their production levels....and their car industry really only may be just starting as we rapidly move to electric vehicles. So at some point people will pull their 4.5c offers and then it will get hard to get at 6c then 7c....how much is the stuff in the ground worth re SRZ if Tin hits $25,000/ton....which could come as soon as 3-5 months if we're at the start of a big price run like the previous two x two runs where prices moved 150-200%, let alone $30,000 or even $40,000/ton. Metals X and their partner see it coming otherwise why are they looking at spending $200M to reprocess their waste pile!,

    Kind regards, SEAH.
 
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Last
1.6¢
Change
-0.001(5.88%)
Mkt cap ! $34.31M
Open High Low Value Volume
1.6¢ 1.6¢ 1.5¢ $37.72K 2.414M

Buyers (Bids)

No. Vol. Price($)
6 2812544 1.5¢
 

Sellers (Offers)

Price($) Vol. No.
1.6¢ 143828 2
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Last trade - 15.32pm 18/11/2024 (20 minute delay) ?
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