Australia's largest stock trading and investment forum Australia's #1 stock forum

CBE

Click for more information

1.67%

5.9¢ cobre limited

Ann: Investment in Metal Tiger plc, page-10

First 10 Last

Share
Profile

Follow
eastwest101

4,948 Posts.

3945

28/07/21

18:52

Post #: 54847469
Share

Originally posted by hkhf ↑

It will be interesting to see the company's cash reserve in the forthcoming 4C report minus another 1m to MTR (total was roughly $8.65m as at 23April 2021 after the first trenche in the last $6.7m placement pending second trenche of MTR's $1.4m. Already deducted the up-front US$350,000 for Armada investment, with the remaining US$400,000 to be paid in monthly instalments of US$80,000 over the next five months from April 2021 so another half mil+ (A$) to go). A bit strange though to see CBE putting $1m into MTR's new placement while pending MTR's $1.4m 17c old placement at CBE.
Certainly feels like some are dumping at loss lately/last couple of weeks (by institute/soph from the latest 17c $5.3m placement or maybe top20). Martin's twitter style certainly not helping too (twitting both CBE and OZM) esp. when CBE's sp are constantly not performing for such a long time (1yr+) while the copper price keep getting stronger. Let's see what the end of August drilling result brings!

Expand

Exactly - as you say with the price of copper going one way, and the share price of CBE going in the opposite direction, it's shorthand for the market saying they don't believe that CBE can execute and they are not going to find or develop any copper resources.

CBE Price at posting: 15.0¢ Sentiment: Sell Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

1CG

One Click Group jumps 4% after ending quarter with $2.4M in cash; $1M in revenue and 150K+ users on board

Trimmed CPI figure provokes market jump of 1%, but inflation pressures remain a reality

MRC

Mineral Commodities to shut down Tormin mineral sands project as oil spill contaminates beach

KOB

Koba, formerly a cobalt player, gears up to become newest explorer in the uranium state: South Australia

MGU

New results confirm Buena Vista's iron grades potential

There are more pages in this discussion • 24 more messages in this thread...

First 10 Last

Add CBE (ASX) to my watchlist

(20min delay)
Last 5.9¢		Change -0.001(1.67%)		Mkt cap ! $19.53M

Open	High	Low	Value	Volume
5.9¢	5.9¢	5.8¢	$28.54K	490.9K

Buyers (Bids)

No.	Vol.	Price($)
1	11000	5.5¢

Sellers (Offers)

Price($)	Vol.	No.
5.9¢	57678	2

View Market Depth

No.	Vol.	Price($)
1	11000	0.055
1	18600	0.053
1	300000	0.052
1	500000	0.041
3	459221	0.040

Price($)	Vol.	No.
0.059	57678	2
0.060	130804	2
0.064	100000	1
0.068	50000	1
0.070	172346	3

Last trade - 16.10pm 31/07/2024 (20 minute delay)

CBE (ASX) Chart