ALY 0.00% 1.4¢ alchemy resources limited

current share price status

  1. 54 Posts.
    Explain this share price please???

    ALY's VTEM survey has identified 13 Conductors within ALY tenement. How can this current share price be correct?

    "Sandfire has previously disclosed that its VTEM survey confirmed the presence of 17 conductors in the Narracoota Formation on its tenements, of which 3 of those conductors overlapped onto Alchemys tenements."

    Comparing VTEM Surveys, SFR had identified 17 conductors and ALY 13. Obviously not factoring size of each individual conductor, but simply comparing the two stocks and current stock price, we are to see some serious re-rating with ALY.

    ALY has a low market cap (45mil approx), SFR (406mil approx).

    ALY SP 65c, SFR $3.80. (CURRENT PRICES)

    With what ALY are potentially sitting on, I cant see why this is not worth at least half of SFR's current share price once the drill results are released. And for the short term, this share should be sitting and trading over $1. Not to mention the lower MC comparing to SFR and the amount of shares on issue.

    I was in this stock before the VTEM Survey was announced. Now they have confirmed there is conductors within there tenements. A major risk item has been cleared successfully and the SP is close to when the VTEM announcement was released????

    At this current share price, low volume trading, potential further conductors, low MC, etc etc. This is a serious no brainer.....IMO
 
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Change
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Mkt cap ! $7.707M
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Buyers (Bids)

No. Vol. Price($)
2 1162735 1.2¢
 

Sellers (Offers)

Price($) Vol. No.
1.4¢ 263210 1
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Last trade - 16.12pm 27/05/2020 (20 minute delay) ?
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