My conclusion is that this portion of micro sub 20M$ market cap junior mining companies is clearly not for the faint hearted. If you are not willing to lose it all and get over it in case things go south (delays, dilution, overpromising-underdelivering, commodity prices going down, global markets/economy meltdown, high debt insolvency and eventually bankruptcy...), then this is not the right place to be.
Seriously guys, if you can't accept these 50%-70% volatility wipe outs of share price happening regularly then really don't bother with this microcap space. Stick with the blue chips. This is the riskiest spot to be in the marketplace. IMO patient investors will be highly rewarded and always remember the stock market is a device designed to transfer money from the impatient to the patient. And for now good luck to all in 2019.
My conclusion is that this portion of micro sub 20M$ market cap...
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Last
0.2¢ |
Change
0.001(33.3%) |
Mkt cap ! $12.39M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $4K | 1.999M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 89 | 366919734 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 8699774 | 14 |
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| Last trade - 11.23am 09/08/2024 (20 minute delay) ? |
| MTL (ASX) Chart |