Haha... There's plenty of examples of fresh IPO companies going well below IPO price then flourishing. TRN is one recent example, although they kind of squandered it and now merging with their JV partner.
CDR seems to me to be legit, and with such a low EV it's got room to move.
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- Ann: High Grade Drill Results at Red Gate Gold Project
CDR
codrus minerals limited
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7.69%
!
2.8¢

Ann: High Grade Drill Results at Red Gate Gold Project, page-10
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Last
2.8¢ |
Change
0.002(7.69%) |
Mkt cap ! $5.788M |
Open | High | Low | Value | Volume |
2.8¢ | 2.8¢ | 2.7¢ | $2.477K | 91.05K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 224613 | 2.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.2¢ | 199999 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 224613 | 0.026 |
1 | 40000 | 0.025 |
1 | 25000 | 0.021 |
2 | 224500 | 0.020 |
1 | 70000 | 0.014 |
Price($) | Vol. | No. |
---|---|---|
0.032 | 199999 | 1 |
0.034 | 85571 | 1 |
0.035 | 333333 | 1 |
0.040 | 73406 | 2 |
0.041 | 210193 | 2 |
Last trade - 15.50pm 31/07/2025 (20 minute delay) ? |
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CDR (ASX) Chart |