be interesting if the SP here holds onto it's current 0.002 or sholders sell out to save something What do you mean to save something? CZN isn't a going concern, it has $1.6M in the bank. Anyone selling at 0.2c is selling at a $4.8M market cap. Do people really think they can sell at 0.2c with the opportunity to buy at 0.1c, a $2.4M market cap. You are dreaming LOL
if the company can get through this period, it may point to an opportunity for those cashed up, but given the company's past this may not be such a good idea Again what does that even mean, if the company can get through this period. Talking like CZN is a going concern. They have $1.6M in the bank, that is over 12 months of capital do the maths. What exactly do they have to "get through". Whether the DOW is at 20k or 30k it makes no difference to CZN over the next 9-12 months. They don't have to "get through" anything.
You are trying to make out like the market is going to zero and it's a rush for the exits to preserve capital. It is scaremongering and sad. You are encouraging people to sell when the market has already fallen from 29K to 21K. The bulk of the damage is already done. Last night was a final blow off top. The DOW has already lost 27.5% off it's highs.
Really think logically about it.
DOW at 20k - whats it matter to CZN DOW at 24k - whats it matter to CZN DOW at 30k - whats it matter to CZN
If the DOW rallied 2,000+ points tonight and the night after, I wouldn't be calling for CZN to double all of a sudden.
You are talking like all stocks are at 52 week lows and in the dire straights. Stocks just ran so hard so quick they had plenty to sell off the top.
FMG still $8.79 BHP still $26
Anyone sitting there watching the nightly DOW fluctuations and trading this in response needs their head checked. I feel sorry for anyone forced to sell into 0.2c.
What will happen is the market will bottom out then you'll see a very sharp V shape relief rally. Market will rally 3,000 to 5,000 points. CZN will have commenced drilling and be back to 0.3/0.4c. People will have panic sold for no reason.
Unless you think CZN is going to run out of money without achieving any worthwhile drill results over the next 9-12 months, there is no reason to sell at all time lows and $4.7M market cap
Let's stop the scaremongering.
CZN Price at posting:
0.2¢ Sentiment: Buy Disclosure: Held
