FML 3.45% 15.0¢ focus minerals ltd

explaining recent days movements, page-9

  1. 4,708 Posts.
    lightbulb Created with Sketch. 197
    @fitnfam:

    So between 5.4 cents and 9.8c did your perceived value increase due to extra news? Had in that time frame, the results or progress of the company changed to warrant the need to still buy in more even at 9.8? Or is your point that the stock is perceived as much higher than 10c to you this whole time that you are willing to buy for any point in price below that? (in which case why did you not commit all in at 5.4 - out of curiousity).

    I see so the $8m in plant increased the value in your eyes? And you believe in others to warrant the recent rush in together?

    I shall try doing my own research as advised but I thought it'd be important to understand driving forces. Since after all , IMHO whilst price and wehther you buy is what you perceive as value in your own eyes, the short term future price direction to me of the stock is also reliant on other buyers and sellers. So to me... trying to play the timing game ever so slightly (since I know you can never perfectly time something with 100% confidence) is not only deciding a value in my own eyes, but basing decisions on the behaviour and psychology of those participaing around me. I mean after all if i perceve fml to be worth 15 cents yet anticipate those around me to sell off and an ensuing small pullback, I would wait for the inevitable and make a few extra bucks. Rather than merely just buying in on the conviction that any price under 15 cents is a bargain?

    Of course I'm still a beginner/learner in my eyes. So hence all the probing questions/curiosity =)
 
watchlist Created with Sketch. Add FML (ASX) to my watchlist
(20min delay)
Last
15.0¢
Change
0.005(3.45%)
Mkt cap ! $42.98M
Open High Low Value Volume
15.0¢ 15.0¢ 15.0¢ $7.169K 47.79K

Buyers (Bids)

No. Vol. Price($)
2 72753 14.5¢
 

Sellers (Offers)

Price($) Vol. No.
15.5¢ 14055 2
View Market Depth
Last trade - 15.33pm 13/09/2024 (20 minute delay) ?
FML (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.