Sounds great in theory and I believe that TNG is genuinely undervalued (I’ve given you a thumb) but it’s just not how things work at this end of the market. If it did - we’d all be millionaires instead of hanging on the next announcement and getting fleeced everytime the big boys offload.
It’s much more a vessel for institutions to make money from retailers than it is a genuine investment vehicle. Statistically very few companies actually make it - we’re just betting that this one has more of a chance than any other.
Look at PLS, fundamentally strong, clearly going into full scale production and very little risk yet any retailer who bought into the trading hype 12 months ago is still in the red! This end of the market consistently makes no sense from a SP/MC : fundamental value perspective.
Sounds great in theory and I believe that TNG is genuinely...
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Last
5.8¢ |
Change
-0.002(2.54%) |
Mkt cap ! $99.06M | |||
| Open | High | Low | Value | Volume |
| 5.9¢ | 5.9¢ | 5.8¢ | $31.10K | 534.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 533721 | 5.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.8¢ | 104764 | 2 |
View Market Depth
| Last trade - 15.33pm 11/07/2024 (20 minute delay) ? |
| TVN (ASX) Chart |