CMR 0.00% 15.0¢ compass resources limited

more delays and higher costs coming, page-42

  1. 56,533 Posts.
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    VWAP 151.48 today with 1.22m vol. Need a 1m plus vol day tomorrow given the high close today. 1.3 to 1.8 was the range and the next intitial target is amost smack on $2.00 therefore any close above this figure will imply with confidence that the downward trend has been broken. If she runs hard past this, I'd be expecting stormy water at $2.07 plus with 1.7 now being a key figure IMO as is today's VWAP.

    I would've been confident at a close above 1.47 so the 1.83 close was a surprise for me.

    Does anyone have any idea about the undiluted market cap at present? I've got $234m diluted.

    $280 - $320m would be about right atm by the looks of it although steady hands will be the key as she is very obviously being pushed and shoved around as today's 128s & 129s indicate and the just perhaps, any shorters are playing it hard ball. As we saw today, current markets are rife with heavy manipulation as confidence sours in the retail market and liquidity drops away.

    It's a dirty game.
 
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