If you think turnover of $10k in shares at the death to get your 10% gain is sustainable then you are clutching at straws, especially for someone so well connected in the international mining sector.
Give me +10M in volume on a daily basis and I'll be convinced the falling knife has been caught. Until then the SP is still heading one way.
If I had the opportunity to buy a $1M house for $500k then I would jump at it. If a mining company had the opportunity to buy a +$100M company for $50M + premium wouldn't they go for it? The reasons more deals don't gets done is that there are no bargains out there. In fact significant premiums have to be paid and the mining sector is littered with takeover failures due to overpaying. But here we have a case of IBG being massively undervalued, according to the majority of posters on here, and yet no interest.
Surely the international mining sector must have an explanation for this.
34 Days until 23.12.21. - Big Moment - Big decission - EXIM, page-89
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Last
0.3¢ |
Change
0.001(50.0%) |
Mkt cap ! $5.500M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.3¢ | $72.74K | 22.15M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 28367245 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 33870342 | 15 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| IBG (ASX) Chart |