The maths doesn't quite agree with you. If you buy $10k at 10c it would be $100k at $1 meaning you make $90k. If you buy $10k at 5c it would be $200k at $1 meaning you make $190k. The profits compound significantly as your buy in price decreases, and the effect is magnified as the price grows.
For example if you bought $10k at 10c it would be $500k at $5 meaning you make $490k. If you bought $10k at 5c it would be $1000k ($1 million) meaning you make $990k.
Quite a big difference!
The maths doesn't quite agree with you. If you buy $10k at 10c...
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Last
4.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $364.4M | |||
| Open | High | Low | Value | Volume |
| 4.9¢ | 5.0¢ | 4.8¢ | $519.1K | 10.60M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 70 | 9859318 | 4.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.9¢ | 316611 | 5 |
View Market Depth
| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| IMU (ASX) Chart |