Well it's been a slow process but this one might now be ready to move. In the last year and a half CYU have:
- Brought in a new large holder in JCHX Group, a large Chinese mining services company.
-The MD has taken a large chunk in the SPP ($100,000 worth).
- Offloaded most of their Mt Isa tenements (just finalising the details with JV partner for the last of them).
- raised cash at 1c to JCHX and again at 0.6c as a SPP (cash on hand of over $2mil)
By all accounts everyone is now set and ready. They have been flagging for some time that they are looking for a copper/gold project in DRC and we all know thats a chance to include some COBALT also.
The chart has recently perked up and some buying has come in, Thursday saw us move up over 40% on over 2 million of volume.
MC now at $8.8m
EV just under $7m
SOI 887m
Not the cheapest Shell on the ASX but the top 20 hold 83% so the free float only small.
Here's hoping the buying continues on Tuesday and we get an acquisition soon.
AKN Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)