Many tech stocks have free fall after disclosing FY/HY reports. This is not surprising, because compared to gold stocks, they are way too expensive. Assuming a stock having 100000oz/yr production, US$100 increase in gold price will increase the NPAT by AU$10M for a gold producer. To generate additional 10M NPAT, a tech stock usually needs 100M revenue increase, and if there is such a tech stock with such a great performance, it should be traded at >2B market cap even in today's market. You can see how undervalued WWI is at the moment. I will take advantage of panic sell to accumulate. I can feel the panic for other stocks but not gold miners.
Ann: First Ore Produced at Witwatersrand Basin Project, page-196
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Last
1.4¢ |
Change
-0.001(6.67%) |
Mkt cap ! $35.58M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.5¢ | 1.4¢ | $24.99K | 1.743M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 7125026 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 89058 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| WWI (ASX) Chart |