At this point. It's just more sellers than buyers. Sellers will eventually run out at these levels, but happy to be a buyer.
The VML guys cant work out why their stock is trading below the TGN offer price, so it's a strange market for small cap resources unless you're in favour.
We will have a quarry worth $5m? producing cashflow and a mining lease worth $15m to $30m?
Plus additional resource to drill out AND a ready made stockpile to process.
With TGN having a Chinese offtake agreement, doesn't leave too many non Chinese/Russian tungsten deposits around the world.
Our turn will come.
The next cab, some lithium drilling.
So, a market cap of $12m looks pretty cheap.
SEI Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held