CDR codrus minerals limited

good finish, page-4

  1. 149 Posts.
    I don't think you've got too much to worry about if you bought at 41.5. Most people that wanted out 'whatever the price' sold to people like yourself on Friday and noticeably, despite the large depth of sellers, none were prepare to go the 40c mark.

    Articles like the one in Saturday's AFR citing that there at least a dozen parties showing an interest in CDR, and the fact that the data room opens on Monday should mean the DOW's performance on Friday has little if no impact on the share price.

    Don't forget, even with most brokers realising they got it wrong with their target prices of around $1.00 back in August, they have all changed their position to an extremely conservative one, a couple of major brokers now valuing the share in the 50's, one in the 80's and one still around the $1.00 mark. This is with only one major difference since August - the fact that the shares were suspended for 3 weeks which can never be good for investor confidence, and the fact that they've renegotiated their debt facility so it is more favorable for any prospective purchaser. Whichever way you look at it, you've got a bargain at 41.5c I'd say!
 
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(20min delay)
Last
3.5¢
Change
0.000(0.00%)
Mkt cap ! $7.235M
Open High Low Value Volume
3.5¢ 3.5¢ 3.5¢ $183 5.219K

Buyers (Bids)

No. Vol. Price($)
2 212454 3.4¢
 

Sellers (Offers)

Price($) Vol. No.
3.5¢ 80000 2
View Market Depth
Last trade - 15.59pm 24/06/2025 (20 minute delay) ?
CDR (ASX) Chart
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