If I'm to bolster holders' mettle. Note an unduly weak SP can work in your favour as long as the basic assessment is correct.
What happens is the co. eventually goes to raise the capital you hold a large number of cheap shares but can buy an equivalent number for a song. If you ever top up a little you eventually get a super-charged result.
E.g. Metals X -MLX. I had some it fell from Say 80c to 8c. I buy $2,000 at 8c so I don't get diluted. It is now roughly 70c. So that $2k turned into $18,000 plus the original ones*.
All one has to do is be right at the start. Do you think having high to super high-grade when Cu goes $6lb/lb may be that? There's a lot to be said for patience or the bottom drawer.** Just don't expect to get quick. As I used to say to my clients -Get rich slow is doable, quick, not so much.
All IMVHO and it to be taken as advice and sorry for being verbose.
* I've had it the other way too, being talked out of a share that fell to 4c that when to 21c on the original premise.
**You gotta know when to hold em, ...
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Last
3.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $87.90M |
Open | High | Low | Value | Volume |
3.1¢ | 3.1¢ | 3.0¢ | $91.15K | 2.977M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 85000 | 3.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.2¢ | 622950 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 85000 | 0.031 |
4 | 1086675 | 0.030 |
8 | 2354971 | 0.029 |
6 | 2865000 | 0.028 |
3 | 153111 | 0.027 |
Price($) | Vol. | No. |
---|---|---|
0.032 | 622950 | 3 |
0.033 | 158593 | 2 |
0.034 | 90000 | 1 |
0.035 | 162910 | 1 |
0.036 | 12000 | 1 |
Last trade - 15.35pm 28/06/2024 (20 minute delay) ? |
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