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Where did you get 130Mill from Mark?

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WiffaSniffa

2,213 Posts.

267

02/09/22

07:15

Post #: 63475173
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Originally posted by MarkyBoy49: ↑

Thanks Patterns.

The Aussie miners really got hammered today, and CNJ obviously got caught in this severe downdraft.

Having said this, today was also a day to really test CNJ's investors nerves, patience and resolve (and most investors failed this test dismally!).

With over 130 million CNJ shares traded today (nearly 10% of the total number of SOI!), a lot of new blood has now climbed on board (new blood is always very healthy!). Smart money moving in?

IMHO, this sets up the CNJ SP for a decisive move back up over the 6 cent level within the next few trading days.

In the short term, the catalyst for such a decisive move, could be a very positive announcement about drilling progress/indications/results/news out of Ryberg and Mestersvig, which would really put the cat among the pidgeons and catch almost everyone by surprise.

Depending on how positive this drilling progress/indications/results/news out of Ryberg and Mestersvig is, I would not rule out the possibilty of a renewed test of the 7 cent level.

Having said all of this, if the Aussie miners continue to get hammered tomorrow and over the next few trading days, CNJ will be a bit like a salmon swimming upsteam to spawn.

Cheers!

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Where did you get 130Mill from Mark?

CNJ Price at posting: 5.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.1¢		Change 0.000(0.00%)		Mkt cap ! $2.201M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
35	37248928	0.1¢

Sellers (Offers)

Price($)	Vol.	No.
0.2¢	54891126	43

View Market Depth

No.	Vol.	Price($)
35	37248928	0.001
0	0	0.000
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.002	54891126	43
0.003	15080418	10
0.004	7500000	4
0.005	3500000	2
0.006	300000	1

Last trade - 11.35am 18/09/2024 (20 minute delay)

CNJ (ASX) Chart

Day chart unavailable