I know right? Hence my queries over management here - do they have the skill & knowledge to progress SRZ to a profitable mining operation, or even the will to do so? I know as a non-holder my posts could be seen by some as down-ramping, but that's not my intention. I came sniffing around this stock due to the breakout in Tin, hoping for reasons to buy. Unfortunately I see them buying a new resource (the Razorback mine) that they intend to spend more money drilling, the same as they did with Heemskirk.
At some point, finding more "high grade tin intercepts" isn't enough for the market, and I'd argue that SRZ passed that point years ago. They need to start pulling the stuff out of the ground. I compare this company's management decisions with the CEO of another company which I won't mention, who saw a coming boom in another mineral, secured a rich tenement, then immediately got to work on making it a profitable mine despite 90% of the tenement not being explored yet. Its a pity there aren't more Mark Calderwoods in Australia, they'd make investing a much easier task
Nevertheless, if another boom in Tin really gets going, that alone should be enough to lift the share price - and I hope so for the sake of all holders.
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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($) | Vol. | No. |
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1.6¢ | 143828 | 2 |
View Market Depth
No. | Vol. | Price($) |
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2 | 315511 | 0.013 |
2 | 450769 | 0.012 |
3 | 650000 | 0.011 |
7 | 1743003 | 0.010 |
1 | 400000 | 0.009 |
Price($) | Vol. | No. |
---|---|---|
0.015 | 217473 | 1 |
0.016 | 321296 | 1 |
0.017 | 15000 | 1 |
0.018 | 830995 | 3 |
0.019 | 150000 | 1 |
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