My opinion on the matter is it is about the maths ,not that ASN is any of a better investment than AGY.
AS a example ,if you think over a particular period of time AGY will 2 bag from there current price but you think ASN could 10 or 20 bag from its current price ,then for many people it may make sense to move some funds over from one stock to the other so as to cover both brine plays ,if most of your capital is in just the one stock.
I think some of those funds have already made there way to ASN.
Good old fireside chat, page-84
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Last
11.8¢ |
Change
-0.003(2.08%) |
Mkt cap ! $154.8M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 11.8¢ | 11.5¢ | $13.69K | 119.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 852217 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 141395 | 5 |
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| Last trade - 10.00am 30/07/2024 (20 minute delay) ? |
| ASN (ASX) Chart |