Still considerable uncertainty surrounding this stock IMO. Match that together with a falling market... And there you have the reason why this stock has been in (and still is in) decline for 8 months.
I admit the price "appears" cheap at 1.2c but look deeper at the Market Cap (undiluted) of $12m approx .... with $3m in cash and the CTP legal procedings cloud, recent failed well, Lack of MGMT updates etc etc.... Better to keep your powder dry until we have a real target to shoot at instead of a blurry haze on the horizon.
I think a bargain would be if the stock approached a Market Cap closer to its Cash holding. Say $4m (ie 60% less than the current price)
Now that would be a bargain if, and only if, there was some solid pathway defined to monetise there land holding of which I see no evidence ...yet.
Then it would be worth a speculative buy with a small holding only.
- Forums
- ASX - By Stock
- bargain basement opportunity
Still considerable uncertainty surrounding this stock IMO. Match...
-
- There are more pages in this discussion • 3 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 ROG (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $37.95M |
Open | High | Low | Value | Volume |
0.7¢ | 0.7¢ | 0.7¢ | $9.41K | 1.344M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
62 | 24002293 | 0.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.7¢ | 25273747 | 38 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
60 | 23402293 | 0.006 |
50 | 67462306 | 0.005 |
25 | 38514327 | 0.004 |
17 | 59303326 | 0.003 |
14 | 46042547 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 24473544 | 36 |
0.008 | 43929244 | 34 |
0.009 | 15633631 | 16 |
0.010 | 20322957 | 33 |
0.011 | 3035510 | 6 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
Featured News
ROG (ASX) Chart |