BOA 0.00% 2.4¢ boadicea resources limited

sir nearology, page-9

  1. 1,421 Posts.
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    I honestly believe BOA have a good chance of have something here, however I still think for where it is at there If huge risk and IMHO it is probably 30% overvalued at the moment. 90% of the stocks value is pure nearology hope.

    The other concern is it is unlikely they will conduct a VTEM or even complete successful rock sampling before the options are issued and when that happens, the stock is going to tank, I would expect to around 30c.

    As such, I think if buying now you buying two shares for 80c, you can probably get for 60c after the options are issued.

    I would be happy to be proved incorrect, however I'm on the sidelines until this drops to a more realistic price whether before options are issued or just catch the falling knife.

    IMHO DYOR
 
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