When I started out buying stock one resource IPO was listed at 20c and an Analyst report valued the stock at $3.60 based on the value of the resource the company was hoping to bring to mine stage. Suffice to say 8 years later the stock is under 1c, there are over a billion shares on issue and not a shovel has hit the dirt covering the resource. Analyst reports are like love letters, most are not reflective of long term reality.
Why 11c !, page-5
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Last
50.5¢ |
Change
0.005(1.00%) |
Mkt cap ! $46.66M | |||
| Open | High | Low | Value | Volume |
| 51.0¢ | 51.5¢ | 50.0¢ | $73.78K | 144.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 62668 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.0¢ | 1000 | 1 |
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| Last trade - 15.46pm 01/08/2024 (20 minute delay) ? |
| FAR (ASX) Chart |