@blueskybaby "but yes given it epic run, a retrace in the valuation after june 30 is very much on the cards"... there, hardly controversial and wasn't too hard to say was it.
With the MRE 3 weeks away, and from $22 this morning, holders will be considering the opportunity cost of selling now in June but front-running the 'obvious' wait until July sellers. Backing up the hold until July sellers is the MRE guided for releases just before the end of June, perfectly timed to keep sellers on the hook until the new fin year. Problem is if waiting until july costs 20% in lower sales price (and it's almost dropped 10% today already from buy the rumour, sell the release grapevine crowd) then postponing tax 12 months wold be a mistake...
And yes, LIN is bear market commodity in a different location, but I made the same call about LINs share price after the MRE release last year and it has fallen from low-40s to 11c pending release of the feasibility study and reality of raising capital to actually build a mine. WA1 red hot and at $1.4M MC can raise lots of equity without blowing up the share registry unlike LIN so atm quite a different boat... but navigating similar waters. Nobody gets it right all the time, we're punting the stock market...
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$15.45 |
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Mkt cap ! $1.002B |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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Sellers (Offers)
Price($) | Vol. | No. |
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1 | 195 | 15.350 |
1 | 1000 | 15.250 |
1 | 10 | 15.230 |
1 | 432 | 15.200 |
Price($) | Vol. | No. |
---|---|---|
15.690 | 998 | 3 |
15.850 | 999 | 2 |
15.890 | 77 | 1 |
15.950 | 177 | 1 |
16.100 | 635 | 1 |
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