Esh,
Thanks for the detailed reply! I appreciate the time.
A few thoughts: in no way do I think that my conspiracy theory is something that could possibly happen in real life, and as a new holder (compared to the sub-$1 sp days) I wasn't aware these thoughts had been threshed out before. My point is simply that the cross-holdings and general corporate direction of the company seem irregular compared to your average quarter-billion dollar ASX company; and so to me the answer to "what's the catch" is liquidity + weirdness, not just liquidity.
I think the complete lack of promotion of the incredible position the company is in is weird. I think the obtuse annual reports with nuggets of information gold (no pun intended) buried deep within them that you and worzel have to go searching for are weird. I think the option on the iron ore asset is weird. I think holding the AGMs in Kalgoorlie when the registered office and principal place of business is in South Perth is weird. I think the crossholdings are very weird.
For all of the reasons you've stated and more, the conspiracy theory is just that - tinfoil hat suppositions that are unlikely to occur. This is real life, not House of Cards. However given it seems I didn't make that clear enough in my original posting, I'm gonna self-report it and have the HC mods remove it so noone mistakenly thinks it's anything but baseless theorizing. But again, to me the answer to "what's the catch" is liquidity + weirdness, not just liquidity; therefore given my risk profile I'll be cashing out half my position once my 12mo CGT window closes "just in case". I sincerely hope ten years from now I'll be kicking myself when the company is trading at $50/share.
- Forums
- ASX - By Stock
- Gold on Hand Worth MORE than Mkt Cap!
Esh, Thanks for the detailed reply! I appreciate the time. :) A...
-
- There are more pages in this discussion • 36 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TBR (ASX) to my watchlist
(20min delay)
|
|||||
Last
$4.93 |
Change
0.000(0.00%) |
Mkt cap ! $230.8M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 462 | $4.93 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.98 | 459 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1100 | 4.850 |
1 | 2079 | 4.800 |
2 | 2250 | 4.600 |
1 | 538 | 4.500 |
1 | 550 | 4.310 |
Price($) | Vol. | No. |
---|---|---|
4.960 | 1 | 1 |
4.970 | 2 | 1 |
5.120 | 1000 | 1 |
5.200 | 200 | 1 |
5.500 | 100 | 1 |
Last trade - 07.00am 25/11/2024 (20 minute delay) ? |
Featured News
TBR (ASX) Chart |
Day chart unavailable
The Watchlist
ACW
ACTINOGEN MEDICAL LIMITED
Andy Udell, CCO
Andy Udell
CCO
SPONSORED BY The Market Online