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.
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Mkt cap ! $38.12M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
4 | 1112548 | 1.4¢ |
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Price($) | Vol. | No. |
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1.5¢ | 2071712 | 3 |
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No. | Vol. | Price($) |
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4 | 1112548 | 0.014 |
11 | 6635686 | 0.013 |
4 | 1948411 | 0.012 |
12 | 1966032 | 0.011 |
8 | 1408999 | 0.010 |
Price($) | Vol. | No. |
---|---|---|
0.015 | 2071712 | 3 |
0.016 | 2407165 | 5 |
0.017 | 3159818 | 10 |
0.018 | 892545 | 3 |
0.019 | 833001 | 3 |
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