I think the point rolf is making is that there is limited down side risk with this stock compared to other discoveries because (a) the market cap is still just $50M or slightly above (a lot of other discoveries have MCs around $50M before making a discovery), and (b) the company has many other prospective projects (lithium as well) which should provide a base for the valuation. Many companies only really have one decent flagship project and when that one doesn't live up to the hype then they crumble. To me this company isn't a one trick pony.
Even though it's risen astronomically, if results continue as they are then there will be a lot of buyers waiting for a drop to pick up shares IMO. Think of a few discoveries over the last six months that shot to over $150m MC on results that excited as much as this - NXM, STM and CNB. These stocks kept climbing for a month. This stock could easily triple from here over a month similar to the others.
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Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.272M |
Open | High | Low | Value | Volume |
1.0¢ | 1.0¢ | 1.0¢ | $440 | 43.95K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 1228022 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 2683916 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 1228022 | 0.010 |
9 | 3699313 | 0.009 |
5 | 1160000 | 0.008 |
5 | 1514426 | 0.007 |
3 | 490000 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 2683916 | 4 |
0.012 | 317400 | 3 |
0.013 | 182159 | 2 |
0.014 | 11000 | 1 |
0.015 | 579102 | 2 |
Last trade - 10.08am 26/08/2024 (20 minute delay) ? |
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TEM (ASX) Chart |