got an order in at 0.3 but I think volcanic is right. everyones strategies are different with investments, but imo, with shells, getting in earlier at a lower mcap is better, you will see returns earlier. Rather than having the chance of waiting longer at 0.4 and potentially seeing it drop to 0.3 before the RTO is completed. Other shells are trading at lower mcaps with a higher cash backing than AJC. but if the acquisition is good, then 1 pip wont make much of a difference.
Argonaut shell - cash $1.9 million, page-32
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Last
18.0¢ |
Change
-0.005(2.70%) |
Mkt cap ! $17.25M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.5¢ | 18.0¢ | $12.15K | 67.41K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 77681 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 14989 | 1 |
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| Last trade - 13.10pm 27/09/2024 (20 minute delay) ? |
| SPN (ASX) Chart |