When I bought into CHN I knew it would be highly speculative and that due to a long lead time to a potential development , it would be shorted mercilessly. Short positions are still rising and are now over 5% of CHNs capital. (Remember, some dickheads are lending the shorters shares . ) I bought in for the long term and being an old bloke , I recognise the risks.
Who can remember Poseidon Nickel ? Huge announcement , high grades and a development plan. Their shares went from 20cents to over $100 and some brokers saying they were worth over $300 . Anyway, they did develop a mine but grades were less than forecast and extraction costs were much more . They went into receivership. I think they emerged as a much smaller entity but not sure after that.
Anyway , what I am saying is ,…..dont get caught up in the hype and do recognise the risk .
Is now the time to buy in ? Personally, I will only buy more when there is some serious value created and all the approvals are in, and there is a believable development plan.
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Last
$1.13 |
Change
0.055(5.14%) |
Mkt cap ! $437.6M |
Open | High | Low | Value | Volume |
$1.04 | $1.13 | $1.04 | $3.198M | 2.933M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 35600 | $1.10 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.13 | 18808 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 35600 | 1.100 |
1 | 17972 | 1.095 |
1 | 17972 | 1.090 |
1 | 10000 | 1.085 |
1 | 12500 | 1.065 |
Price($) | Vol. | No. |
---|---|---|
1.125 | 18808 | 2 |
1.130 | 10404 | 3 |
1.150 | 3500 | 2 |
1.160 | 22696 | 2 |
1.165 | 10002 | 1 |
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