@stantrent71 it comes down to what your trading/investing time frame is.
The market generally takes its time to realise potential. I was waiting many months in AGO for it to go from 1 cent to 5 cents. We have had a decent run on GRR already however, i find GRR much more fundamentally undervalued than AGO. There are many other items which i like in GRR over AGO including:
- $0 debt position.
- higher grade/cleaner product.
- higher product sale price.
- No production issues (e.g. AGO bringing Corunna Downs to production at $50mil capex).
- No Option overhang - A big factor for AGO right now with so many outstanding options coming up for expiration/exercise.
GRR does however, have a higher cash cost of production.
IMO, the market is still sceptical of the IO rally and rightly so. The longer we stay at these sustained higher IO levels, IO stocks will continue to re-rate.
In AGO i always said patience is the key. Same applies here.
@stantrent71 it comes down to what your trading/investing time...
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Last
26.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $266.1M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 58743 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.0¢ | 2000 | 1 |
View Market Depth
| Last trade - 08.50am 04/12/2024 (20 minute delay) ? |
| GRR (ASX) Chart |
Day chart unavailable
