Yes well it seems I should eat my words perhaps, and sit tight with my 57c package - at least for now.
Looking at CNB you would think that the copper price has crashed, or that CNB is in Lithium or Nickel. Or that a major announcement was released undermining its fundamentals. Of course none of these things have happened. (and I don't really buy into the argument of HMX discussions being the trigger - that was always a possibility and it is far from a done deal by the looks of it)
CNB have enough cash to ride this out for a few months at least. So it begs the question - are Regal going to hold the price in the 40s (lets say) until the next raise? Or is a lowball takeover offer going to appear in the meantime? Or is this just one massive treeshake?
Anybody's guess.
Cheers,
Dingo.
Yes well it seems I should eat my words perhaps, and sit tight...
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Last
68.5¢ |
Change
0.005(0.74%) |
Mkt cap ! $111.5M | |||
| Open | High | Low | Value | Volume |
| 67.5¢ | 68.5¢ | 64.0¢ | $300.5K | 454.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | 66.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 68.5¢ | 154920 | 1 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
66.0¢ |
Change
0.005 ( 2.22 %) |
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| Open | High | Low | Volume | ||
| 67.0¢ | 67.0¢ | 64.0¢ | 134688 | ||
| Last updated 15.30pm 10/05/2024 ? | |||||
| CNB (ASX) Chart |