Market's view on Wishbone
Published on April 2024
- There is optimism among stock watchers about the potential rapid increase in stock prices, with a focus on adding stocks and waiting for growth.
- Concerns are raised about a potential share placement below 1p, which might be deterring investors.
- The company’s low valuation at £3.6 million is highlighted, despite having significant projects like Cottesloe, Pilbara, Mosquito Creek, Crescent East, and a confirmed strike at Redsetter. The potential for value growth is emphasized, with suggestions that even a 25-fold increase would still represent good value.
- Mention of a significant shareholder possibly exiting their position.
- Positive sentiment is noted with an upward trend in stock prices and indications that the stock direction is improving.
- Discussions centre on strategic price points, with an emphasis that surpassing the placing price could lead to favourable outcomes.
- Frequent references to buying activity ahead of anticipated news, suggesting insider knowledge.
- A pattern is noted where volume tends to increase following news announcements, indicating a strategic play by investors.
- The necessity for timely news updates from the company is underscored to maintain investor confidence and stimulate stock movement.
- Speculation about upcoming news announcements is common, suggesting that these could catalyse significant stock movements.