Yes, it weighs on the sp but CUF has not stopped producing (as it has done previously - though at softer I/O prices) and still is hedged for a large amount of tonnage. SUM is no producer and since a $2mill cr at 18.5c it's sp has climbed substantially. Yet CUF sp is stuck in a rut after a smallish $3mill cr despite holding over $5mill in cash pre cr and despite assuming a good Q forthcoming. Hard to understand market dynamics that seem to lack logic. Tax time selling doesn't help.
CUF - SP Discussion, page-143
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Last
0.8¢ |
Change
-0.002(20.0%) |
Mkt cap ! $10.69M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.8¢ | $14.39K | 1.600M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 8403984 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 971740 | 4 |
View Market Depth
| Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
| CUF (ASX) Chart |