Well the sp often represents the future potential (speculation) of a stock that’s why we get in early..
Is CHN worth $830M, is DEG worth $1.55B both still in exploration phase?? GGG (REE) just had their EIA accepted and sp didn’t budge but pull back, why? Because in the weeks prior the sp had a 33% rise anticipating the approval and the EIA was already priced in when released!!
They are priced on their future potential (speculation). Are they really worth that much today?? Delusional market says yes... same can happen here!! As we get close to the jorc release you can bet your lefty the sp will already be at 10c!!
Hold onto your lefty!!
Ann: Youanmi Exploration Update, page-165
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13.0¢ |
Change
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Mkt cap ! $52.91M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 14.0¢ | 13.0¢ | $156.1K | 1.178M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 521631 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 7922 | 1 |
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| RXL (ASX) Chart |