Australian (ASX) Stock Market Forum

Beaten up small caps

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29 March 2009
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any recommenations on a small cap stock that has been beaten up undeservedly in this current market retracement or is now trading below cash backing
 
any recommenations on a small cap stock that has been beaten up undeservedly in this current market retracement or is now trading below cash backing

The selling hasn't got silly enough to get to that level...still lots and lots of value at the open today.
 
KOG,RMI,WCU,WGP.NWE all oversold at current levels i have been buying all of them and dont feel i am catching falling knives good value :)
 
any recommenations on a small cap stock that has been beaten up undeservedly in this current market retracement or is now trading below cash backing

Lets call them suggestions rather than recommendations and, as always, reasons must be given when nominating any stock.
 
If your not shorting then your a Stabs victim you just cant feel it----YET.
 
Lets call them suggestions rather than recommendations and, as always, reasons must be given when nominating any stock.

KOG,RMI,WCU,WGP.NWE all oversold at current levels i have been buying all of them and dont feel i am catching falling knives good value :)

You got in just before me mobcat but I'm sure after reading my post you will be more than happy to supply reasons for each one of the stocks you have suggested :D
 
Posted recently in the Innamincka Petroleum thread.
I feel this has been oversold. 260m shares on offer, $14m in the bank, giving a cash value per share of 5.4c. Currently trading at 6.1cps.
Will be looking for an entry at 5.5cps, just missed today as it bottomed at 5.6cps.
Giving a value of exactly SFA, for any tenaments and minor production. the maths doesn't lie.
 
KOG,RMI,WCU,WGP.NWE all oversold at current levels i have been buying all of them and dont feel i am catching falling knives good value :)

KOG has too much debt $ 2.9m and only 665k in cash on 31 March; wouldn`t touch them. RMI has a good cash position.
dont track the others.
 
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