MTE CBX

Ann: Intention to make a scrip offer for remaining shares in CBX, page-2

  1. orionwoo
    5,993 Posts.
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    05/08/14
    11:42
    Post #: 13770804
    Why selling below 4c?

    If the company wants the deal the go through, it has to maintain the SP to a level of 1.3 to 1 CBX share. If CBX's SP doesn't move, technically speaking we should be @ 4.3c at least.
    CBX Price at posting: 3.4¢ Sentiment: Buy Disclosure: Not Held
    MTE Price at posting: 3.6¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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