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$1.50 is only $544m market cap - same as Fosters target. Easily...

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Tcb007

20,934 Posts.

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17/07/21

18:33

Post #: 54575561
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Originally posted by AletLeBains ↑

I always become a bit nervous when SP targets are getting mentioned as a given based on events which have not happen yet . Have read it many times with many stocks where a big SP rise was communicated as totally clear and given. And in 90% of the cases it came completely different due to various reasons - unfortunately.
Of course I do not bet that it will come in the same way here but it would be healthy imho that we retail investors are a bit more reverent regarding the uncertainties and imponderabilities of the further FYI way forward and of the markets.

Lets first see where the market goes until a possible JV is announced. The markets currently worry me a lot, especially stocks in the hard commodities sector.

It might happen that the SP of our little pearl here gets pressure next week and beyond due to the overall situation. Or may be not - nobody knows.

So firstly lets wait IF the JV is gonna happen. And then secondly HOW look the JV terms like. And AFTER that we hopefully can celebrate some nice gains in the SP!

Have a nice weekend all. Interesting weeks ahead and I guess we will need some cojones....

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$1.50 is only $544m market cap - same as Fosters target. Easily achievable with offtakes.

FYI Price at posting: 53.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.5¢		Change 0.000(0.00%)		Mkt cap ! $20.40M

Open	High	Low	Value	Volume
5.6¢	6.0¢	5.3¢	$17.74K	317.9K

Buyers (Bids)

No.	Vol.	Price($)
1	1935	5.5¢

Sellers (Offers)

Price($)	Vol.	No.
5.8¢	83690	1

View Market Depth

No.	Vol.	Price($)
1	1935	0.055
2	50000	0.050
1	12000	0.046
1	22000	0.045
1	200000	0.043

Price($)	Vol.	No.
0.058	83690	1
0.059	50847	1
0.060	138186	3
0.062	28333	1
0.064	56059	2

Last trade - 16.10pm 06/11/2024 (20 minute delay)

CCM (ASX) Chart