Hi Ronnie,
As per my earlier posts:
-I don't follow charts much, but you make a valid point that the shares are seriously undervalued.
-Chris Towsey stated during our visit that petroleum products (diesel,lubricants and hydraulic oil) only make up 3% of their operating costs, so even if petroleum doubled in price, it would only increase their operating costs by 3%. There would be some flow-on from manufactured goods and freight, but again, only single-digit increase.
citigold mine visit, page-62
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Last
0.5¢ |
Change
0.001(12.5%) |
Mkt cap ! $12M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.4¢ | $7.008K | 1.491M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 11776768 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 5168317 | 8 |
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| Last trade - 13.49pm 12/07/2024 (20 minute delay) ? |
| CTO (ASX) Chart |