@rur
In the mining game, to much success sows the seed of their own demise... Human nature is prone to over investments when times are good. BOD ends up acting like drunken sailors thinking that the good times will last forever and that is how the company gets into trouble.
As an investor, the day everyone jumps on a miner is the day I realise I can no longer buy it for a good price and it is time to wait for the bottom again. The party will soon be over, much sooner than everyone thinks, and I will be there to pickup the pieces and buy on value again. Much like what I did with AIS
As I said above VXR at 39c is fair value (175 mil MC), so should be headed lower for a consolidation around that mark.
Ann: Change of Director's Interest Notice, page-9
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Last
21.8¢ |
Change
-0.003(1.14%) |
Mkt cap ! $212.8M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 22.5¢ | 21.5¢ | $142.8K | 647.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 414786 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 247573 | 14 |
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| Last trade - 10.41am 12/07/2024 (20 minute delay) ? |
| AIS (ASX) Chart |