It’s always more exciting to buy the potential pre-producer rather than the stable miner producing with money imminently pouring in.
I wouldn’t worry too much though - when the money starts coming in, the re-rate will need to happen.
Just see what happened with PLS mid last year. Shorted down to 12 month lows despite predictions of massive money coming in. When the money landed $2 went to $5.5 in a few short weeks.
It’s always more exciting to buy the potential pre-producer...
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Last
9.1¢ |
Change
-0.003(3.19%) |
Mkt cap ! $194.4M | |||
| Open | High | Low | Value | Volume |
| 9.4¢ | 9.4¢ | 9.0¢ | $920.3K | 10.02M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 803609 | 9.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.2¢ | 24465 | 2 |
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| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| CXO (ASX) Chart |