SRN 14.3% 0.3¢ surefire resources nl

I'm holding an average of 1.2c myself for the past 6 months....

  1. 4,916 Posts.
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    I'm holding an average of 1.2c myself for the past 6 months.

    Spec stocks, particularly mining related ones have been bleeding since end of Q1 this year.

    Big money isn't free-flowing like it was in 2016 on specs, particularly with the Dow Jones looking like it's about to do a pretty big 15-25% retrace. If it does end up going that way, even strong specs with good FA will have a really hard time in such a market.

    No point being upset at SRN when the spec market as a whole is on shaky grounds. the Market Cap isn't reflective of the fundamentals, I'd argue that it's gotten a lot better since the news that pushed it to 1.8c. Like I keep telling people, this is at the very least another 6 month hold at minimum.

    Give SRN a call if you are concerned about something. Particularly if you hold 4M shares worth. Which btw is a crazy amount of shares to hold in a <$10M spec... That's some serious gambling.
 
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Last
0.3¢
Change
-0.001(14.3%)
Mkt cap ! $11.91M
Open High Low Value Volume
0.3¢ 0.3¢ 0.3¢ $4.68K 1.56M

Buyers (Bids)

No. Vol. Price($)
33 32702110 0.3¢
 

Sellers (Offers)

Price($) Vol. No.
0.4¢ 16051790 14
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Last trade - 10.50am 22/11/2024 (20 minute delay) ?
SRN (ASX) Chart
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