Many tech stocks have free fall after disclosing FY/HY reports. This is not surprising, because compared to gold stocks, they are way too expensive. Assuming a stock having 100000oz/yr production, US$100 increase in gold price will increase the NPAT by AU$10M for a gold producer. To generate additional 10M NPAT, a tech stock usually needs 100M revenue increase, and if there is such a tech stock with such a great performance, it should be traded at >2B market cap even in today's market. You can see how undervalued WWI is at the moment. I will take advantage of panic sell to accumulate. I can feel the panic for other stocks but not gold miners.
Ann: First Ore Produced at Witwatersrand Basin Project, page-196
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Last
1.5¢ |
Change
0.001(7.14%) |
Mkt cap ! $38.12M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.5¢ | 1.5¢ | $8.957K | 598.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1112548 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 2071712 | 3 |
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| Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
| WWI (ASX) Chart |