WC8 seems way over valued and in my view has always been overvalued. No resource, many years from production and it’s low grade - it will be less than 1% - yet it’s MC is nearly double LRS including teh options which are well in the money. And unlike LRS will be a more complicated process ie it won’t be DMS and LRS has the same potential of 100mt as WC8 but at a much higher grade.
The sharemarket is full of mis priced stocks with CHN being a recent classic example when it was $8 now $1 (there are heaps of others). I believe WC8 will over time be in the same camp.
@dawgfather I notice you don’t own WC8 and I am interested why you do not own it.
LRS General Discussion, page-16967
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Last
17.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $475.9M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.5¢ | 16.5¢ | $3.506M | 20.69M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 170000 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 1113801 | 13 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| LRS (ASX) Chart |