Until positive direction is given from commodity prices, sellers rule the day.
To me, this makes it an ideal time to load up on several of these "penny pinches" if, like SRZ, they have capital to last them over a year or more.
MC currently near $4 million.
$1.8 million in cash and no debt, SRZ has a tin project with an NPV of $99 million, which is positive around current price for tin (thanks again to the Aussie dollar). CAPEX is a little high in current climate, about $110 million but it the tin prices turns as expected, Stellar might just do like its name suggests.
IMO, downside risk is minimal but always DYOR.
Until positive direction is given from commodity prices, sellers...
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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 |
View Market Depth
| Last trade - 15.32pm 18/11/2024 (20 minute delay) ? |
| SRZ (ASX) Chart |
