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"But then I see some of these other companies with thin deep...

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readyaimfire

11,059 Posts.

1484

11/06/23

22:27

Post #: 68241028
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Originally posted by seaemay ↑

That sounds about right. For whatever reason, though, the punters aren't likely to go into a sustained buying frenzy on the strength of such (very good) results. It seems to me as though PMET has set a new benchmark that has made almost everyone else look very second rate in the eyes of the punters. They want blood and nothing less. I just wonder if they'll be satisfied with a MRE of >50Mt, given that they probably figure PMET will post >100Mt. But then I see some of these other companies with thin deep intersections being well supported by punters, so I can't work it out. What I'm really hoping for is something truly outstanding from Cancet to catch the market's eye. Let's hope there's something of that description amongst the 40 cores at the lab now.

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"But then I see some of these other companies with thin deep intersections being well supported by punters, so I can't work it out."

Maybe when the market is convinced management have ceased being a little to "cute" with the way they communicate and dish out stock that will change.

WR1 Price at posting: $1.51 Sentiment: None Disclosure: Held
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(20min delay)
Last 71.5¢		Change -0.060(7.74%)		Mkt cap ! $143.7M

Open	High	Low	Value	Volume
78.5¢	79.5¢	70.5¢	$1.559M	2.127M

Buyers (Bids)

No.	Vol.	Price($)
2	25563	71.5¢

Sellers (Offers)

Price($)	Vol.	No.
73.5¢	3600	1

View Market Depth

No.	Vol.	Price($)
2	25563	0.715
7	72348	0.710
3	75000	0.705
9	61095	0.700
4	38435	0.690

Price($)	Vol.	No.
0.735	3600	1
0.740	23101	3
0.750	34500	2
0.760	5000	1
0.765	14971	2

Last trade - 16.10pm 25/06/2024 (20 minute delay)

WR1 (ASX) Chart