I reckon a test of 2.1c is in the winds - building very nicely at the moment. Might or might not be this week - either way next week looks to be setting up well.
Cant ignore the fundamentals here. In my belief, this is a low risk venture at these levels - GM will be sticking around for some time and that will keep the lights on. Even in the height of COVID in 2020 - CXZ was posting profit, growing the cash position (will be seeing nice interest on that) with all of their exposure in the US - not bad. Growth scope is one potential risk but CXZ could likely pay a healthy dividend out of their GM work alone before too long - especially as the US recovers. Either way, there appears to be quite a bit in the pipeline judging from that IIR report so the 12 months will be interesting. Throw Nania's performance milestones in the mix and it looks VERY interesting from these levels.
Company has a strategy, a direction and now seemingly getting the right people - Market is twigging..
Enjoy the day folks.
IMO DYOR etc etc etc
CXZ Price at posting:
1.8¢ Sentiment: None Disclosure: Held
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