"Morningstar have SCI at 3.8c fair value currently."
It's a crying shame SCI doesn't think the same way (or higher).
The problem with two thirds of the explores listed on the ASX is that they don't understand the average speculator that puts a bit of their Arthur Ash with a penny dreadful.
Excitement is what two thirds of the punters are looking for, probably only a sixth are after the the big gains....... and well, the other sixth probably have forgotten that they actually own the shares.
What can't be achieved with spectacular exploration results can nearly always be achieved with two things, "wiz-bang brand new exciting software" that gives exploration presentations a "really big" impact and a "story" that can only be told by a "master raconteur".
Exploration Professionals need to understand that they aren't the life of the party and thus they should leave the sweet talking & fireworks to the party time professionals........... there are dozens upon dozens of listed explorers that sell the sizzle even though they have no BBQ or gas ......... it's a shame that explorers like SCI that have the steak just won't fire up the SIZZLE in a timely fashion!!!
Marketinfo
SCI Price at posting:
1.4¢ Sentiment: None Disclosure: Held