Let's not forget we are gambling here. it is also possible it could go out of business. With Pasminco Zinc didn't decline, but the stock went down, down, down, nobody could understand it. I got caught, as did Marcus Padley. I kept ringing the CFO & one day he told me the problem. The problem was with the company. A female handling the derivatives hedging had got the hedging strategy, completely arse about, & that was why the company was hemorrhaging & eventually, it was put into receivership & was taken over. There is probably a one in a hundred chance it could go out of business & possibly a 3 in 100 chance it could be taken over, possibly also at a very low price. But those are the risks we take
CHN chart, page-6442
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Last
$1.70 |
Change
0.040(2.41%) |
Mkt cap ! $661.3M | |||
| Open | High | Low | Value | Volume |
| $1.67 | $1.71 | $1.63 | $4.299M | 2.673M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $1.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.70 | 32524 | 4 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| CHN (ASX) Chart |