Your are 100% correct Jaded, the gap theorist are risking a very small move compared to what the potential upside is.
We have pulled back deep, much deeper than what i expected and a lot of this was to do with Hudson. Anybody who was invested last year will remember we had a few old shareholders who capped the price through 20-22 which was frustrating at the time. Now it seems that old Resistance is new support.
Personally i think the move is done and its worth watching the tape for when the next move up is done.
Here is a simple of chart which included the forecast cash reserves and a simple risk and reward against the EV of the company.
Remember AXE isn't just about Graphite and another "West Roxby' like deal could easily happen.
DYOR.
Your are 100% correct Jaded, the gap theorist are risking a very...
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add AXE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
30.5¢ |
Change
0.020(7.02%) |
Mkt cap ! $77.72M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 31.0¢ | 29.5¢ | $37.53K | 122.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 23500 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 1535 | 1 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| AXE (ASX) Chart |