CNJ 33.3% 0.1¢ conico ltd

The current very stable SP, as well as the steadily decreasing...

  1. 9,951 Posts.
    lightbulb Created with Sketch. 3715


    The current very stable SP, as well as the steadily decreasing daily trading volume, is indicating to me that we may very soon see a significant reversal/rally (the upcoming assay results being the obvious catalyst).

    It remains to be seen who has been accumulating over the last couple of weeks i.e. major buyers, short term or long term investors etc.

    If the quality of the buyers (during this recent accumulation) has been high (major buyers and long term investors), the majority of CNJ's shares are probably now in much stronger hands, which should lend additional future support to the SP i.e. the number CNJ shares available for sale may become a bit scarce, which may also further fuel each upward trend.

    I get the feeling that we will soon know the answer to a lot of these unanswered questions, including most importantly, whether CNJ and GSR have a shiny new PGE, Nickel, Copper etc. discovery on their hands within their MTJV tenement (from their current Phase 1 drilling).

    GLTAH.



 
watchlist Created with Sketch. Add CNJ (ASX) to my watchlist
(20min delay)
Last
0.1¢
Change
-0.001(33.3%)
Mkt cap ! $1.805M
Open High Low Value Volume
0.1¢ 0.1¢ 0.1¢ $220 220K

Buyers (Bids)

No. Vol. Price($)
48 72029342 0.1¢
 

Sellers (Offers)

Price($) Vol. No.
0.2¢ 31915375 11
View Market Depth
Last trade - 10.02am 13/05/2024 (20 minute delay) ?
Last
0.1¢
  Change
-0.001 ( 0.00 %)
Open High Low Volume
0.1¢ 0.1¢ 0.1¢ 311713
Last updated 13.59pm 13/05/2024 ?
CNJ (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.