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Ann: Trading Halt, page-32

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  1. 639 Posts.
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    I must say that your view is also simplistic, to look at a stock purely based on price action and volume means that you will be getting in at much higher prices than if you do the research and are investing in based on the value of what resource is in the ground and what money that is actually worth along with market cap valuations and getting in before the rest, at the start of a journey and getting in at the bottom which is where we are given our market cap. But as you say there are others in the stock market who will be looking at price action and volumes, safe to say we are now well and truly on the broader markets radar over the last couple weeks in particular through "your particular focus/ your indicator".

    The smart investors though, will be doing their research and working out the true valuations of what is in the ground and also what the company is looking to acquire through a producing mine which is already generating cash. Smart investors are looking at market caps and comparing those with other listed stocks that are in the same space, to which we are under $48m MC in comparison to others, we are multiples behind and could argue are striving to put ourselves in a position to be ahead of the rest and to actually be producing. Based on Bunyu alone, as the largest JORC resource in Tanzania, and arguably largest graphite resource of jumbo flake in the world our market cap is tiny in comparison and severely undervalued, now this is something that is plain to see without relying on price movements and volumes. Throw in a producing mine on top of it and this is something to stand up and take notice regardless of volumes and price action. Smart investors will and do take notice.

    To only look at stocks based on price action and volume means you are getting in at much higher prices, it means you are going to be part of the FOMO crew and leave serious dollars behind. You might as well invest your money in crypto and hope you pick the timing right, or might as well go to a casino and pick black or red.
    Last edited by Jayse: 26/04/21
 
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