You are wise to do your due diligence.
I'm obviously biased because I have a position in MML, however I'm not sure companies like this are being unnecessarily hyped on HC - they just offer compelling value at these valuations - which gets people excited.
Many ASX gold miners people are talking about aren't even "exploration species" that people on HC have ramped in the past they are actually companies whose stock prices are so unloved that with their stable/growing operations (like MML) coupled with a rising PoG they are beginning to throw off crazy amounts of cash relative to their market caps.
So it's very easy to see why people are getting excited about these stocks and why they are rising so rapidly.
It would be easy to look at MML having gone up 100% in the last 2 months and think, it's already popped, but given that the PoG has also gone up nearly 20% in the last two months I tend to think this is still the VERY early stages of the rally.
- Forums
- ASX - By Stock
- Ann: Half Year Results December 2015
You are wise to do your due diligence. I'm obviously biased...
-
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add X64 (ASX) to my watchlist
|
|||||
Last
57.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $129.8M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
X64 (ASX) Chart |
Day chart unavailable
The Watchlist
RMX
RED MOUNTAIN MINING LIMITED
Lincoln Liu, MD
Lincoln Liu
MD
SPONSORED BY The Market Online