Consider the two propositions.
PMT - The market initially on listing on the ASX put a low in for PMT in the 60-70c, up to 1.90 or so, and is essentially back there at its listing lows. Heading where ?
WR1 - Market IPO at 20c, and up 2.40, back tested mid 50s, and has revealed its gallantry in the darkest of routs in the sector to rise from the ashes of the others, 1.50-1.25 and heading where ?. Plenty of sector funds into those that founder, looking for a ship of worth.
It should always be center and present in the gambler. Can you actually tick all the probability matrix boxes to deliver a mine. One cross, and dont bother. And get there with the projected EPS intact to keep your sp climbing over that journey. (by having good mine economics, and a tight register)
So the others who are contending in poor jurisdictions, they are just really playing the flea bag trade.
And yet there is a market for that ship of fools as well.
Consider the two propositions.PMT - The market initially on...
Add WR1 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.29 |
Change
-0.015(1.15%) |
Mkt cap ! $245.1M | |||
| Open | High | Low | Value | Volume |
| $1.33 | $1.35 | $1.27 | $636.0K | 489.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1970 | $1.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.33 | 9000 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$1.28 |
Change
-0.015 ( 2.71 %) |
||||
| Open | High | Low | Volume | ||
| $1.35 | $1.35 | $1.27 | 129488 | ||
| Last updated 15.57pm 03/05/2024 ? | |||||
| WR1 (ASX) Chart |