NMT 4.76% 10.0¢ neometals ltd

I'm totally fine with it as it is. Unlike many, (most?) other...

  1. 2,352 Posts.
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    I'm totally fine with it as it is. Unlike many, (most?) other smallcap stocks this one doesn't need a cheer squad ramping on forums or Disallowed salesmen flogging cap raises to the gullible.

    NMT moves (relatively) slowly because their projects are mammoth undertakings, and they are very much risk-averse. They are interested in getting it perfect at the first attempt, rather than patching on the fly. There's no point having it hike to 80c on ramping only to dip back to proper levels after the fever has died down.

    For what it's worth, even moving at their modest (but reliable) speed the SP has tripled since this time last year, and almost doubled in the last quarter. While there are plenty of multibaggers around, they all looked like gambles until they struck paydirt. This one's not a gamble IMO, it's an investment. The timeframe is almost immaterial given the potential payoff.
 
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Last
10.0¢
Change
-0.005(4.76%)
Mkt cap ! $62.28M
Open High Low Value Volume
10.5¢ 10.5¢ 9.3¢ $230.1K 2.298M

Buyers (Bids)

No. Vol. Price($)
24 318622 10.0¢
 

Sellers (Offers)

Price($) Vol. No.
10.5¢ 117228 4
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Last trade - 13.51pm 26/04/2024 (20 minute delay) ?
Last
10.0¢
  Change
-0.005 ( 6.72 %)
Open High Low Volume
10.5¢ 10.5¢ 9.3¢ 689710
Last updated 14.13pm 26/04/2024 ?
NMT (ASX) Chart
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