Plenty of pig iron miners that make good profits and have large market caps
Some people sell diamonds, others sell matches... you can make more money selling matches. You can make more money selling brown coal than anthracite... depends on multiple factors of the resource
Regardless.. the oppies are great value, do a comparison ie BCC
BCC heads at 6c, lower than GLA BCCO expire in 7 MONTHS GLAO and BCCO have the same strike price of 10c GLAO expire in 3 YEARS GLA has 1/4 the market cap of BCC, so share price can rise much more rapidly BCCO spread 1.6-1.8c GLAO spread 1.4-1.6c
Based on the Greeks GLAO is fundamentally worth double BCCO
That's not to say GLAO is worth 3.6c, as I think BCCO is overvalued (most o+g options are) Bcco is 'worth' 1.5c imo. GLAO is 'worth' 3c.
Post cap raisings are a wonderful time to generate wealth, as they say money in the stockmarket flows from the impatient to the patient.
The impatient soph clients of Patto's will sell to get their quick profits, ignoring fundamental values
The smarter money will be soaking up GLA/GLAO at these artificially low prices to reap a far bigger payday.
GLA Price at posting:
6.4¢ Sentiment: Buy Disclosure: Held
