The current market cap plays zero relevance to the net asset value of the company other than it’s a ‘snapshot’ of whether those seeking a short-term return have piled in or not.
Those like me are invested for the end game – so what happens between now and then is no more than waiting for 'the fruit to ripen'.
It’s easy to beat oneself up when the market cap/share price falls and question ‘What if’ - but that’s purely a reaction to hindsight and foresight being muddled up.
Business as usual with hopefully us adding some substance to our reserve figures in the not too distant future. Will this increase the market cap/share price? Anyone’s guess. Will this add substantial value to our net asset position? You bet it will when that occurs.
So we wait watching the green fruit change colour…
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The current market cap plays zero relevance to the net asset...
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Last
16.0¢ |
Change
0.005(3.23%) |
Mkt cap ! $177.6M |
Open | High | Low | Value | Volume |
15.5¢ | 16.0¢ | 15.0¢ | $223.4K | 1.436M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 204812 | 15.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.0¢ | 218456 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 204812 | 0.150 |
1 | 100000 | 0.145 |
1 | 185000 | 0.140 |
3 | 227778 | 0.135 |
1 | 225000 | 0.130 |
Price($) | Vol. | No. |
---|---|---|
0.160 | 218456 | 4 |
0.165 | 565636 | 8 |
0.170 | 737079 | 12 |
0.175 | 87750 | 3 |
0.180 | 178974 | 4 |
Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
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COI (ASX) Chart |