Good example is A2M in terms of similar retail investor sentiment and multi multi bagger over short period. PE lifted to 55x and created a bubble in the sector for a period.
If a stock is hyped up you can make a lot of money - just have to be cautious that once it is well overpriced, eventually instos will dump on market.
88e market cap is only a fraction of potential value, so not to worry about for the time being. DW seems extremely conservative in terms of valuations, so even meeting the $450mil market cap is a minimum valuation IMO. I'm very comfortable in saying we have a long way to go on terms of SP - and crude price is getting close to production cost per barrel. I can see news coming up Monday and track towards 12-15c
Who is still in?, page-149
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Last
0.3¢ |
Change
0.001(25.0%) |
Mkt cap ! $72.33M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $634 | 213.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 150 | 166689125 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 601425897 | 251 |
View Market Depth
| Last trade - 10.00am 11/10/2024 (20 minute delay) ? |
| 88E (ASX) Chart |