Sounds sensible to me, Mondy85.
Like MarcD, I would suggest that the finance risk is pretty low right now. We still need to see the baby, though.
It is impossible to know how much finance has already been built into the current SP, so you make a valid point re: entry.
Saying that, if one believes this is a multibillion dollar capped company in time, is nailing entry around the current MC all that critical?
As timing one's entry is always difficult, you could always hedge your bets and dip in and add to your position once certain milestones are met. I built my position in JRV over a 9 month period.
52 Week Highs, page-104
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Last
1.2¢ |
Change
-0.002(14.3%) |
Mkt cap ! $32.43M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.4¢ | 1.1¢ | $139.8K | 11.58M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 1883062 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 2066666 | 2 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| JRV (ASX) Chart |