The upside of this trade makes no sense, compared with the reward of accumulating and holding at this point.
The volume is so low, it is clear that the market is awaiting for the news to break. Moreover, it seems that the retail investor is not willing to take on more risk.
The zinc price average per LB (month to month) was 1.02 in 2020 and 1.28 in 2021. So the BFS will be interesting at what price assumption they take. The capital cost would of increased, which is the interesting cost point. Other than that, we are in Zinc purgatory. We have either invested in a company with fantastic upside or a zombie company just aimlessly walking around the stock market.
At the moment, it is like watching paint dry waiting.
Games, page-70
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Last
0.3¢ |
Change
-0.001(14.3%) |
Mkt cap ! $5.077M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $1.118K | 372.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 23122250 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 17310509 | 11 |
View Market Depth
| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| IBG (ASX) Chart |