You purchased the stock, based on company disclosures....prior to release of the PFS...that document released on the 6 June, showed a valuation of $3.80 per share, yet two and a half weeks later, 70% of your investment has been lost....SP 75 cents to 27 cents.
Done absolutely NOTHING wrong....exactly the reason why investors are leaving the stock market in droves. Share turnover down 25% on a year ago, according to some ASX offical figures.
Such an experience here with this stock, really would be good reason to look at other types of investment opportunities. No cycnicisium here...the facts are "punters" are heading for the exit fast.
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Gluttonous however, some investors may still be...who are buying this stock and instead the local stockmarket.
This project is IRON ORE (close to Asia)...without transport and port issues.
The void between NPV and SP is factoring an extreme, very remote chance, that funding will ever occur. ($3.80 v 27c).
.....the extext of that gap, is far too big, in my view.
Would suggest, even in view of the nightmare macros that drive the local bourse...this stock offers higher upside betta than any other I can find.(since the sell down early this month)
Tha
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