The comparison is valid with one major exception IMO.
The U sector has been bashed from pillar to post this year and sentiment in the sector is horrible at the moment. As a result almost all stocks are trading well below fair value. I don't follow AGS closely but I assume its in the same boat as many others in the sector?
On the other hand MAK is in a boom sector (see IPL). You could argue that as a result MAK should be trading even further above current levels given the AGS comparison.
I know its hard to stay on stocks like MAK that seem to be over-hyped rocket ships but I learnt my lesson the hard way with HDR. Took a whole bunch of profits off the table at 38c and didn't buy back in until the 70s as it shot away. Ended up costing me a few hundred K ultimately.
Certainly not time to take profits. Sure there will be a retrace or two along the way but there is no reason this thing will fall before Wonarah is drilled.
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
1 | 1495406 | 1.1¢ |
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Price($) | Vol. | No. |
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7 | 6421083 | 0.010 |
5 | 2296000 | 0.009 |
3 | 804999 | 0.008 |
3 | 1400000 | 0.007 |
Price($) | Vol. | No. |
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0.013 | 894066 | 6 |
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