GW1 0.00% 4.4¢ greenwing resources ltd

Virgil - One half year result does not define a...

  1. 3,159 Posts.
    Virgil - One half year result does not define a company.

    Especially considering the loss is attributed to expenses external to the mine production/profitability.

    Yes a profit is always better than a loss - But the BSM big picture has not changed.

    Call the company, it will make you feel better.

    But I can assure you [as much as a dodgy internet voice can] at this point in the "knowns" the loss is insignificant.

    With any luck folks will sell it down some more. I'm very keen to buy stock in the teens.

    On another note, a small tip, just because all is rosy for a business, it doesn't mean that the share price can/will go higher. Valuation [put simply] is based on profitability vs. Market capitalisation vs. Debt. Never buy because company sounds great, buy because you see a delta between market value and actual value.

    For the record, I have been a seller at anything above 30c and a buyer under 25c... I see higher share prices in the future, but you got to buy/trade based on the now imo.

    Cheers and good luck.
 
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