CDT 0.00% 0.4¢ castle minerals limited

CDT Chart, page-2331

  1. 2,762 Posts.
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    Here's my take.. the ASX is awash with mining companies since theres a lot of good land to be mined in Aus and lots of companies starting up to take advantage (every time i look at the soon-to-IPO list more than half are mining) and so a lot of people will go heavily in on them as there are clear and apparent stories of people getting rich backing these mining juniors.. today we had the hangover after a weekend of Russia and Ukraine news that makes it seem as though the invasion could begin at any moment and as a result people take their money out, arent buying anything new and waiting to see what happens with that conflict (hence low volume, people think by mid-week they can probably get in alot cheaper, failing that they'd just buy back in later in the week thinking they've overreacted) so whenever the speculative mining sector is down thats just an indication to me of people seeing the risk at the moment outweighing the reward/thinking they can time a reentry at a lower price if things kick off big time..
 
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8 6593027 0.4¢
 

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