According to your theory Malmanu, most of the currency's in the world have no value. Something can be worth more then it's individual parts if people are prepared to pay for it.
If I buy a lotto ticket it's worthless if it doesn't win. If however that lotto ticket does win it is worth something. Spec stocks can be a bit like that. I'm in CZN because I believe in it's potential. The reality is that if tomorrow a report comes out that backs up my belief then the chance of getting in on CZN at an affordable price will be out of the window. I'm gambling and I'm well aware of that. However I've weighed up the risks vs reward and am happy with the stakes.
Yes you can value shares by the individual parts such as cash in the bank, equipment etc. But a part of every stock in the market is the consumer confidence in it. Currently the consumer confidence in CZN is high. Is there actually anything wrong with that?
According to your theory Malmanu, most of the currency's in the...
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.339M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 5201639 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 883104 | 3 |
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| Last trade - 16.12pm 09/08/2024 (20 minute delay) ? |
| CZN (ASX) Chart |
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