Y4, this up ramping you constantly badger is nonsense.
The motley crew you say doing it is dillusional. There is absolutely no proof of this, same as you stating recovery was just 60%. You make up stuff.
The investors hear are not short term traders and most I don't think care about the price, lower if anything allows more stock at oversold price.
You know 0.1c caps czn at 2.4m and they have 1.6m cash, at that price your pretty much buying cash with 1.9b nickel thrown in for free.
Eventually when nickel rises and if czn is still this cheap it will be taken over as you can't buy 1.9b nickel for 800k anywhere. .
Sherritt mined surface to 1100m, so these new shallow deposits mostly likely go to depth, if so there will be atleast 200k nickel worth over 3b in the ground.
This week I lowered by average to 0.27 by the sell off, I am very happy as my investment is for 2021 and beyond.
Im no fool, I buy when a stock is at 52 week lows, is under capped or when I can see open resources.
Take not of Warren buffets trading style, buy low when nobody wants, sit, sell when high and everyone wants. He's not worth 200b by trading opposite. His view is at some point people will want.
Czn at sub 5m with 1.9b nickel metal in a sector where there will be short supply fits the bill perfect for next year. Might not have massive interest now, but wait for nickel to move.
Mel 35k deposit sold for 12m with 1 and 2m intercepts at a time when forward nickel demand was flat.
Here we have czn with 116k, demand and 30 to 40m intercepts.
You don't have a hope at plus 10c of every getting your money back, but those that bought 0.2 to 0.4 easily can make 1000%
On history, years ago in 2017 czn went from 0.4 to 5c were 1000% profit was had on 1st saucer exit. The present saucer has to exit, if it coinsides with a jorc upgrade and higher ni prices, 1000% or greater. There is history to this.
Could have made very good profit on czn if not held from plus 10c to 0.2. Ie could have bought 0.4 in last saucer and sold 5c.
Hopefully you sold your Fortescue at $13 as can be bought for $9 now, in a few months $6. If so 50% loss.
- Forums
- ASX - By Stock
- CZN
- Ann: Half Yearly Report and Accounts
Ann: Half Yearly Report and Accounts, page-25
-
- There are more pages in this discussion • 26 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CZN (ASX) to my watchlist
|
|||||
Last
0.5¢ |
Change
0.001(25.0%) |
Mkt cap ! $3.339M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $1.75K | 350K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
18 | 4847825 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 465994 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 4847825 | 0.004 |
16 | 9183486 | 0.003 |
7 | 9801000 | 0.002 |
7 | 15300004 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 109994 | 2 |
0.006 | 3183588 | 6 |
0.007 | 2292441 | 7 |
0.008 | 591129 | 3 |
0.009 | 856000 | 2 |
Last trade - 11.30am 21/08/2024 (20 minute delay) ? |
Featured News
CZN (ASX) Chart |