If you have a close look at a stack of charts since about September/October this year a whole pile of in vogue miners, be it Gold, Cobalt or Lithium have jumped either 300%, 400% and even up to 1000% over the matter of weeks and some even days. All very dependent not only their resource or the time to market but also on just how much hype the stock has received which is relevant to how far the traders can push it.
AUZ is one example of 900% profit/premium on top of capital outlay, it went from 1.5c to 15c in one month, G88 900%+ 12.5c to $1.25 in 16 days, AVZ 700%+, LKE 550%, SYA 400%, DRG 500%+, CLA 300%+, VMS 300%, EUC 300%+, EYM 300%+, SGQ 300%+, NCZ 300%, VXR 300%, DEG 950%, ARV 600%, DGO 1000%, it goes on and on, and it's not only miners, tech stock DCC 900%, RFN 300% etc, etc. Even some of the crappiest prospectors on the ASX have gone up 100-200% on battery hype/speculation alone, without any news at all.
From what I've been looking at it seems to me that most of the movers have been 3 to 4 baggers (300-400%) increases on top of the base price at the time, seems to be a re-ocurring theme with the traders. Some have retreated since, what goes up must come down, but some of the better quality companies are still going or have started their second or third leg up.
N27 is not yet to hit 300% on top of it's IPO price let alone whatever could be called it's base price prior to being pushed by the traders. Personally, I would take it's base as being around 25c at the start of it's major climb at end of October which would give 50c a 100% rise, 75c a 200% rise &
$1.00 a 300% rise, possibly could go even further considering the quality of the company, it's resource grades and the speculation that comes with it. Now if you were to take the base as being the 50c it was prior to the trading halt, which really isn't unreasonable, then you're only looking at a 50% approx rise so far, so 100% would be $1, 200% $1.50, 300% $2.00.
I watched the individual sell orders get hit right up to the 78c mark and managed to pull my 77c order just as the 75c got hit, it came up so quick and smashed everything, I almost didn't catch it and it would have been sold as well if I wasn't watching so closely, all happened in a matter of seconds, I really didn't believe it would get there so quick, so based on the action I made the decision to hold as I'm betting it will still go a lot further in the days (or year) to come.
All in my opinion only, I'm not a pro and the above is based on what research I've done and is not intended as advice in any form whatsoever. At the end of the day, where this will end up is any ones guess.
@unknownshadow , glad you came out with a nice profit but remember if your not classed as a trader the tax man gets 50% of it unless you held for at least a year (or a retiree or running your own super or have some other tax dodge). I'd prefer to only give away 25% after the 12 months, hopefully it will be a few dollars by the time that comes around.
