IMO:
The lower the SP the higher the risk of value being influenced by market sentiment because of greater proportional movements.
This obviously can work in both price directions but once there is some stability in Classic like an already established revenue stream and additional commercial mining reserves it would be better timing.
For a SP consolidation to reflect and hold the previous SP it should already be at a price-point that is supported by a high resistance level.
Classic is moving towards that time and like any business there may be some hurdles and delays before but I looking forward to the announcements from now on.
Exciting times for this (soon to be) Gold Producer!
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0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.017M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
| CLZ (ASX) Chart |
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