WAL 0.00% 0.6¢ wavenet international limited

Even though I do like the fundamentals, this is what happens...

  1. 3,822 Posts.
    Even though I do like the fundamentals, this is what happens when a stock is tightly held. Probably 50% of shares are held by major holders. There is only really 30 million shares being traded if that.

    If you assume only 10 to 20% of shares will be traded, that leaves you with around 3 to 6 million shares that will change hands. This is a reason for the high share price without a proven and minable resource.
 
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Currently unlisted public company.

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