Already sold most of GWR on Friday @ $1.50. It was a no brainer on Tuesday and Wednesday when it looked like Fairstar shares that were tied up with Opes but I got lucky when Portman came in as a buyer as well. With GWR the downside was almost nothing in that circumstance (FAS losing control) and the upside was back toward $2 plus where they were before FAS gained control.
EMR is a little different in a couple of ways.
Buying in cheap because this market doesn't have the patience to wait 6 to 8 months (for Stokes Bay)
There is downside if Stokes Bay ends up a duster-potentially I could lose 4 or 5 cents a share if nothing goes right for the company in the next 6 months.
But the potential upside is to over $1 so it is a great bet.
With a market cap of $8 million or it doesn't take much to double your money or more.
substantial holder, page-9
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Last
$4.20 |
Change
-0.070(1.64%) |
Mkt cap ! $2.759B | |||
| Open | High | Low | Value | Volume |
| $4.25 | $4.27 | $4.19 | $6.304M | 1.496M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $4.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.20 | 4205 | 1 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| EMR (ASX) Chart |