Well if you had to buy any resource stock.. start at the top of that list I posted, they are the cheapest on the market.
First one MRX, current price 9.6c, 2010 forcasted EPS 5.4c per share. Value probably somewhere around 60c, potential growth 525%.
HOWEVER THE MARKET WOULD NOT BE STUPID ENOUGH TO PRICE THE STOCK AT SUCH A DISCOUNT. There would be reasons for it, project risks, debt risk or just poor expected payoff. Look into it, have fun!
Most important point I can make is, make sure the stock price is heading the in the right direction, if you are bullish make sure the price is at least going sideways or up on a long term weekly scale.
If that is happening, then its likely the trade will work out.
If its not happening, then something is wrong and EPS are likely to be downgraded etc etc.
just looking at the facts, page-7
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6.7¢ |
Change
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Mkt cap ! $8.067M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 5.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.7¢ | 97 | 1 |
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