You may be right, but on what basis does this stock deserve such a premium to what it has on a measured basis compared to its peers? Lack of reserves, processing infrastructure, newsflow...
Many of its peers of similar market caps have multiples of what ONX has.
So i cannot see where the markets sudden passion for this company has come from - especially when their announcements are painfully short on substance
Unless there is a lot of information yet to make it to market the downside here seems far greater than upside (based objectively what is out there in the market)
Ann: Comet Vale Mining Update, page-36
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Last
1.2¢ |
Change
-0.002(14.3%) |
Mkt cap ! $14.25M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.5¢ | 1.1¢ | $201.9K | 15.49M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 5641337 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 147578 | 1 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| LRL (ASX) Chart |