IND 7.69% 18.0¢ industrial minerals ltd

No I don't think so, they currently recommend to buy it up to 32...

  1. 5 Posts.
    lightbulb Created with Sketch. 11
    No I don't think so, they currently recommend to buy it up to 32 cents - I think they were just warning newer members not to get carried away and fomo in - as less experienced investors tend to do. I imagine they don't want their members overpaying. They usually take a 2-year or more view on their calls - to give them time to develop - this one is not even a year old. I imagine they presume that when the news of their sand deals progress comes out step by step SS, mine licence, offtake agreements etc - the market should see the value and potential profitability and also move higher step by step. But in more thinly traded stocks like IND at present up moves often overshoot - as do the corrections after any strong up move. I believe that's exactly what we are witnessing in IND now. IND is a waiting game now -like so many others. It's still their number one potential ten-bagger call of 12. Looks like a good price to collect again down here. (someone is?)
 
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Last
18.0¢
Change
-0.015(7.69%)
Mkt cap ! $12.37M
Open High Low Value Volume
18.5¢ 18.5¢ 18.0¢ $23.30K 129.3K

Buyers (Bids)

No. Vol. Price($)
1 25000 17.5¢
 

Sellers (Offers)

Price($) Vol. No.
18.0¢ 26221 1
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Last trade - 14.41pm 25/07/2024 (20 minute delay) ?
IND (ASX) Chart
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