OVT

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0.6¢ ovanti limited

Thanks for your encouraging and humble story. Much appreciated....

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Lobbster77

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05/05/21

07:51

Post #: 52941892
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Originally posted by wenty: ↑

there seems to be quite a few holders here who I think are hoping to get rich quick. For such holders I think crypto or the casino is probably more to their liking.

Not cross-promoting but in September 2016 I bought into a lithium company called CXO. I thought that they had extremely good fundamentals and were in a sector that was going to be hot in the future. I first bought CXO around 8 cents and then soon after that participated in a SPP at 15c.

Not long after the SPP the share price went down and it stayed down.

I could have taken the loss, but the fundamentals of the company hadn’t changed, and my research was still telling me that the sector was going to be hot in the future. So for the next 4 years and 3 months I decided to average down, buy the dips etc.

Eventually CXO re-rated and recently went from 4c to a high of 42c. I ended up selling my position during this re-rate (have since bought a small parcel again) and bought a new house with the proceeds.

Yes the opportunity cost may have been high...but at the end of the day my patience was rewarded with a new house bought and paid for.

I feel like IOU will be my next CXO. The fundamentals of IOU are incredible. Should they capture a decent market share of SEA then this is a double digit stock every day of the week. The $55mil cash at bank is huge. I have been averaging down since 60c and am sitting in the queue at 35c should I be so lucky.

I am confident my patience will also be rewarded handsomely with IOU.

IMO

GLTAH

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Thanks for your encouraging and humble story. Much appreciated. Well done on the house.

IOU Price at posting: 37.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.6¢		Change -0.001(14.3%)		Mkt cap ! $7.440M

Open	High	Low	Value	Volume
0.6¢	0.6¢	0.6¢	$110.1K	18.35M

Buyers (Bids)

No.	Vol.	Price($)
2	221999	0.6¢

Sellers (Offers)

Price($)	Vol.	No.
0.7¢	4427311	11

View Market Depth

No.	Vol.	Price($)
1	165000	0.006
29	12283175	0.005
18	42618870	0.004
5	6120351	0.003
7	6025000	0.002

Price($)	Vol.	No.
0.007	4412311	10
0.008	6986671	10
0.009	2241666	7
0.010	1577000	6
0.011	1200000	2

Last trade - 16.10pm 12/07/2024 (20 minute delay)

OVT (ASX) Chart

Thanks for your encouraging and humble story. Much appreciated....

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Thanks for your encouraging and humble story. Much appreciated....

Top Stories

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Immutep reports strong response rate from immunotherapies treating carcinomas

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

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