"The company of CN will not release any news deliberately because if they do the stock could SPIKE up and the share holders may elect not to go with the CR."
History will show you nothing much will change after the vote and stock will move from weak hands to strong hands as most stocks with quality longterm assets do.
Most stocks in recent years have drifted back to or below the issue price and we are still below some previous ones...not only can the Company not hold onto material news there is no need to, MC is currently up 25% since the CR which is a good jump and has just eased back from an almost 50% gain at 9.5 c which was extreme IMO..investors will pay what they think the Company is worth now and IMO 8c + would be a good starting point....
Cheers Whisky
Kosmos gas discovery offshore Senegal, page-53
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Last
50.0¢ |
Change
-0.015(2.91%) |
Mkt cap ! $46.20M | |||
| Open | High | Low | Value | Volume |
| 52.5¢ | 52.5¢ | 50.0¢ | $45.91K | 88.73K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5993 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 5982 | 1 |
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| FAR (ASX) Chart |