You are right about that, I am starting to think, if you enter in near IPO date, you do not want to be holding for long imo, as this market can be harsh, if you get the related commodity price hanging around lows or trending downwards at the wrong time, massive dilution is a big risk, when you hear someone saying the risk is you can do 80%, 90% of your money they aren't joking.
The same can be said for early exploration stocks.
WA1's run was a lot of luck, stumbling upon a good resource at the right time, as a result when they need to raise, they can raise at very good prices for minimum dilution.
You are right about that, I am starting to think, if you enter...
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Last
1.4¢ |
Change
0.001(7.69%) |
Mkt cap ! $12.24M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.5¢ | 1.4¢ | $52.16K | 3.545M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1273266 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 1610000 | 3 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| RR1 (ASX) Chart |