It’s clear that it will go below 10 cents and with copper price getting crushed especially in a recession you are waiting 12-18 months for a rebound in conditions they don’t have enough money to last that long and need to raise capital. Unfortunately 14 cents is the roof for this as the major share holder dumped almost half their holdings there.
Price action suggest 8 cents is where support is for now
CBE Price at posting:
13.0¢ Sentiment: Hold Disclosure: Not Held
