If this stock is not north of $1 this time next year I would be suprised. My arguments have been made clear.
Regardless of it does not go to a $1, where do you think it will go? The equity markets would have to flat line this year in combination with Lighthouse and Apollo both going on vacation for the year for this not to rise higher than the current share price.
As I see it the biggest risk a holder of this stock currently faces is currency risk. However, with commodities expected to be strong in 2011 and the U.S. money printing machine going strong, I don't see the AUD depreciating much against the dollar.
holding on , page-14
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Last
$1.70 |
Change
-0.080(4.49%) |
Mkt cap ! $835.5M | |||
| Open | High | Low | Value | Volume |
| $1.75 | $1.75 | $1.69 | $389.6K | 227.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 2817 | $1.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.70 | 2800 | 3 |
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| Last trade - 14.49pm 05/08/2024 (20 minute delay) ? |
| NGI (ASX) Chart |