Looking at a few different stocks that took off after large discoveries, I was surprised to see it took about 16 months on average from when the price started to move to when it hit about maximum gain before going down somewhat or traded sideways for an extended period.
If we have what we hope we have here, it just confirmed to me we have a long way to potentially go and patience is key as we unlock the monster.
Ignore the noise and lock them away for 12-18 months to hopefully reap the reward.
Looking at a few different stocks that took off after large...
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Last
26.0¢ |
Change
-0.010(3.70%) |
Mkt cap ! $21.03M | |||
| Open | High | Low | Value | Volume |
| 26.8¢ | 27.5¢ | 26.0¢ | $8.042K | 29.48K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3241 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 4700 | 2 |
View Market Depth
| Last trade - 15.45pm 29/08/2024 (20 minute delay) ? |
| WMG (ASX) Chart |