The world (especially this sector) has changed. The spot price has halved in under a year. Multi-billion dollar companies like AGO almost went under. You either sell early (and try and buy back cheaper if you believe, but risk missing the eventual pay-day) or average down in patient anticipation. Doing nothing just dilutes your stake.
The pre/post share price targets are academic (apples and oranges now given the raisings required along the way), its only the market cap that ever counts and what can be gained from that particular point. I think its a good chance now we will see 3 to 5 times our current market cap in the months ahead, maybe sooner.
Takeover offer, page-47
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Last
2.1¢ |
Change
-0.001(4.55%) |
Mkt cap ! $76.08M | |||
| Open | High | Low | Value | Volume |
| 2.3¢ | 2.3¢ | 2.1¢ | $98.74K | 4.613M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1122221 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 792204 | 2 |
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| Last trade - 16.10pm 10/10/2024 (20 minute delay) ? |
| M4M (ASX) Chart |