Watching DEN (DNN:US) jump 3% in after hours sale recently. The odd similarities between LOT and DEN struck me with both being fully funded to mining and payback time for both are shortly after production start.
The AI thread put it nicely
I do not normally trade. I do with big silly over reactions. Last time it was PDN. Today the $0.20 trades for LOT hit the buy button for this black duck.
The LOT announcements today which would have seen a 10% ish jump overwhelmed by negative market sentiment made it a simple choice.
Wipe out from 1962 was playing when I hit the buy :
What's in common with this year? US expected to triple nuclear power in 1963 15 Feb 1963 - Nuclear Station Numbers Rising - Trove
The science behind hype and fact has evolved significantly now thankfully. What has always been clear is the market often over reacts.
Risk to stocks that need money to get to where we already are is much higher in my book. DEN and LOT seem to be fully funded to production.
DYOR of course while you listen to The Surfaris perhaps
Watching DEN (DNN:US) jump 3% in after hours sale recently. The...
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Last
17.5¢ |
Change
0.020(12.9%) |
Mkt cap ! $414.7M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 17.5¢ | 15.8¢ | $3.590M | 21.24M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 1044263 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 651086 | 15 |
View Market Depth
| Last trade - 16.10pm 16/06/2025 (20 minute delay) ? |
| LOT (ASX) Chart |