Two ways I see this:
1. Those in the know has been quietly letting go shares knowing the JORC may not be impressive.
2. Those in the know cap down the price and scoop up just 1-2 days prior for the rally.
Both scenarios are possible. The third is generally investors may get a bit impatient on waiting for results, sold off to jump on other day trade shares (e.g. PLA, CTP, OBL...etc)
I think risk reward for an entry at 65c is well worth a small punt IMO. I'm waiting for an entry below 65c as this may surprise on the UP side. This stock is the next best gold grade apart from GMR, AZH - both are not doing too well and not being pump and dump with a famous newsletter.
Given ann is due next week, I'll be keen to position shortly for a ride, higher probability on the good side I see. Good luck to current holders.
cheers
pcyc
- Forums
- ASX - By Stock
- CHZ
- sell down
sell down, page-3
-
- There are more pages in this discussion • 4 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 CHZ (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online