It is a very frustrating market at the moment - there is no spec premium for any small caps. Investors want to see the cash flowing in the door - preferably accompanied with a Cash Flow statement and Income Statement.
I only really hold small cap near term producers and all of them (with the exception of ADY) have given up between 20% and 30% despite all of them having had good news and proven resources. They all spike on good news and then drift back to below where they were before the news.
It is a time for patience. Although in the short term it is like chinese water torture longer term investors in good well run companies will be rewarded.
market fails to react, page-2
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Last
17.0¢ |
Change
0.025(17.2%) |
Mkt cap ! $25.56M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 17.3¢ | 15.0¢ | $77.04K | 493.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 35402 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 150000 | 2 |
View Market Depth
| Last trade - 14.34pm 28/06/2024 (20 minute delay) ? |
| BUR (ASX) Chart |