Have mentioned over the last week or so that have been tracking a few and would mention only once I thought worthy.
Here's one - I reckon CNB could be a strong near term mover and one that I have been slowly taking a position in. Why ? Copper/Gold assets, 172m SOI, $15m cash (December qrt), in partnership with Glencore, Hartley's placement Nov last year at 31c (minimal volume since and now trading below placement price), Glencore and CNB Directors placed $3.5m all up into raise themselves, 2nd tranche placed early Feb, trading near 52 week lows and has broken above 25c res recently. Sitting at 28c now, with a retest of 32.5 res likely. I like it for 36.5 at least in the very near future. Chart is a ripper. Liquidity the concern and volume not currently "huge" - which is why it has taken a little while to build into a position (been buying since 1st April and have an ave at 25 for 400k units)....but when that volume comes, could be quite impressive. Not financial advice.
Day trade for me today; MTM - to get 23 plus.... CRS - to continue and push 6's. KNB - that strength into close yesterday and absorption throughout the afternoon; today will confirm if was further accumulation for higher or beginning of a distribution event. Looked far more like accumulation to me as buyers were continuing to step up into the lines and the sell volume bars rarely red. LRV - may tempt me again today but needs a serious volume kick.
