Good summary.
I look for those things too, but add in "low market cap" as that means the torque is even better.
GLV with a $7m market cap a few days ago could easily reach $70m market cap which is 10x. A $500m company would have to achieve $5b cap for the same return.
$100m market cap is achievable for GLN before a drill hits the ground, we have IVZ as a recent example of this. Do your calculations on what SP that would equate to and what that would mean for the options.
DYOR.
Ann: Globals TEA area incorporates discovered gas field, page-36
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Last
3.6¢ |
Change
-0.004(10.0%) |
Mkt cap ! $20.80M | |||
| Open | High | Low | Value | Volume |
| 4.0¢ | 4.0¢ | 3.5¢ | $35.84K | 995.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 510000 | 3.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.7¢ | 398579 | 1 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| CND (ASX) Chart |