Hey mate,
You’ve one upped JL and given me an extra “n” too lmao.
It depends on how the U.S. play their final tranches. One would assume they’d dump the price as low as possible to pickup their 10% capacity at the best possible price, for the last drawdown.
So IMO it depends on whether newsflow hits, to soak up the overhang… before they decide to preemptively dump into the lower bids.
They need to get the short term cash issue resolved, ideally with a project that will at some point in the near future, generate revenue.
All whilst they sort through the environmental/governmental curve ball thrown last year …
They sort this out, it won’t be too hard a task to get the MC well into double digits.
Obviously they have debt, but they also have a truckload of progress on the NRUP relative to the current MC.
IMO none of that has been priced in.
I maintain that without the US dumping, we’d likely still be above 1-2c.
But the overhang from the US needs to be cleared out.
Not blind faith, assessing risk vs reward at the current MC.
I also don’t encourage people to buy at these levels to “average down”. That applies for any spec stock.
Rather, assess the stock as though it’s a new investment and remove the emotion.
Sub $5M MC …..
all IMo etc etc.
Cheyne
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.315M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.3¢ | $2.463K | 801.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
47 | 50988620 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 9068336 | 14 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
47 | 50988620 | 0.003 |
57 | 118983303 | 0.002 |
28 | 175150000 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 9068336 | 14 |
0.005 | 4608429 | 7 |
0.006 | 2074676 | 4 |
0.007 | 1908856 | 4 |
0.008 | 137500 | 2 |
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