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sinbin

1,979 Posts.

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02/06/23

20:05

Post #: 68108254
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Originally posted by FishiesPal: ↑

Unexpected dump???

You clearly haven't watched CAY trade very closely the last several months. Every time the SP starts to get stronger, someone takes a dump. However this time, the buyers have been rebuilding. Pushing through against the tide. The highest the buyers got to today was actually 6.6c. On little volume, Not 6.9c.

I have spoken to a few other bigger holders and we all agree. Until the criminal 4.5c CR participants and 7c options are washed through, we will continue to see such dumps.

Add to that equation some tired and stale Shareholders that have probably had enough and cutting their losses, we will continue to see dumps.

The only way will see 10c plus is when we see the buyers hitting 5 million plus per day trading, but we need to see this for several weeks. Flush them through and then we're away.

Or of course if the mining license gets issued in the next few months, that also changes things.

Personally I think anyone selling now is crazy. We've waited this long, we now have the best ppl in the business running the show, we have the backing and reputation of EEA alongside us, and now we have new international SH'ers being added to the register.

Things are starting to get excited again. Flush through tax loss selling and the above and we're heading back towards the 15-20c mark, where a lot of ppl bought in.
Selling now makes no sense to me.

All in my humble opinion of course. And not financial advice.

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what new international shareholders?

CAY Price at posting: 5.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 9.9¢		Change 0.002(2.06%)		Mkt cap ! $139.9M

Open	High	Low	Value	Volume
10.0¢	10.0¢	9.8¢	$29.53K	296.5K

Buyers (Bids)

No.	Vol.	Price($)
2	281460	9.9¢

Sellers (Offers)

Price($)	Vol.	No.
10.0¢	105000	1

View Market Depth

No.	Vol.	Price($)
2	281460	0.099
1	10000	0.098
1	5500	0.097
1	5250	0.096
3	506694	0.095

Price($)	Vol.	No.
0.100	105000	1
0.105	979904	6
0.110	702244	7
0.120	592500	5
0.125	13000	1

Last trade - 16.10pm 27/09/2024 (20 minute delay)

CAY (ASX) Chart

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