Ah master unhedged. Have you hedged your bet on AVI? lol
I like this prospect, esp how this is so undervalued compared to its "peers".
Obviously, there's never a perfect prospect so maybe there are valid reasons why this hasn't run as hard (or at all) as expected:
1. Liquidity - not much volume
2. Closely-held - not many sellers
3. Timeframe - not for ST traders but for the patient
4. SI - as yet, no SI and "rockstar" investors such as Soros in MGO
5. Location - yes, Sweden as a developed nation and a local minig powerhouse is attractive. However, the growth engine is ASIA and Sweden is about as far away from China and India as you can get. Compared to MGO in PNG, Sweden is ironically in (arguably) a worse location.
6. Inevitable capital raising.
can someone please sell , page-8
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $26.96M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.8¢ | 0.7¢ | $6.446K | 903.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 7763658 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 3611459 | 3 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| STM (ASX) Chart |