What others are trying to say is simply this:
When you look at a company you need to know what it it is worth. This is Mcap (SOI x current price). In this case $91.77M
SOI = shares on issue
What is the resource worth? Say $500M ( I am guessing and have no idea).
In VERY simple terms the shares have potential to go up around 5 times.
In this illustration, do we care whther the SOI is big or small? We use the current SOI and arrive at valuation!
So, in summary if someone mentions a stock and anyone asks what the share price is, ignore the idiot.
If someone asks what is the Mcap or current valuation, keep paying attention, while you uncover more details.
What others are trying to say is simply this:When you look at a...
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Last
15.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $308.4M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.0¢ | 15.0¢ | $718.6K | 4.638M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 36 | 1333518 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 107024 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| MEI (ASX) Chart |