AOA is currently valued at $8.8m and next door to COB whom boast a market cap of $138m. Given the current strength in the stock and sustained market interest in cobalt players a conservative 10% valuation for AOA seems a realistic ST target imo given its neighbour's current market cap.
A total of 294M shares traded in three days with no doubt the 40m placement flippers/vendor shares absorbed during that time imo is a telling factor here.
DYOR
Ann: Ausmon Invests in Emerging Australian Cobalt Mining Regions, page-99
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.176M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $602 | 301.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 27538917 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 8991235 | 9 |
View Market Depth
| Last trade - 13.14pm 27/11/2024 (20 minute delay) ? |
| AOA (ASX) Chart |
