WNX 5.26% 2.0¢ wellnex life limited

WHA True Value, page-8

  1. 19,072 Posts.
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    You are entitled to your view and I respect that.

    Hope you gain in the future.

    For me, I made enough - I first bought at 73 cents and added more at 78 cents. I sold some at $2.52 and the rest at $190, when suspension was lifted.

    What strike me (as negatives) in the short term, is the lack of news on the CFDA front - they had said it was a matter of months back in November when I attended the AGM - now its 6 months down the track.

    The second negative is the valuation made by "external advisors and institutions". To me, that is extremely important - they afterall are mostly responsible for the daily price movement (via buys and sells) of the company's shares.

    The third negative is the unknown factor - whether they can raise the money and if they can pull it off (this project).

    As an investor in many companies with projects, I know the majority end up late and costing 20% to 30% more.

    So for these reasons, I decided to get out and sit on the sideline - to watch and wait.

    IMHO, there will be plenty of opportunities to re-enter.

    And that is NOT meant to down-ramp this stock.

    JIMHO, there will be challenges in the Short Term.

    Nevertheless, I do wish holders good luck.
 
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Last
2.0¢
Change
0.001(5.26%)
Mkt cap ! $26.63M
Open High Low Value Volume
2.0¢ 2.0¢ 2.0¢ $20 1K

Buyers (Bids)

No. Vol. Price($)
1 270321 2.0¢
 

Sellers (Offers)

Price($) Vol. No.
2.1¢ 83760 2
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Last trade - 11.11am 18/09/2024 (20 minute delay) ?
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