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.
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The current very stable SP, as well as the steadily decreasing...
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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($) | Vol. | No. |
---|---|---|
0.2¢ | 31915375 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
48 | 72029342 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.002 | 31915375 | 11 |
0.003 | 4104642 | 4 |
0.005 | 159857 | 1 |
0.009 | 321000 | 1 |
0.010 | 285715 | 1 |
Last trade - 10.02am 13/05/2024 (20 minute delay) ? |
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Last
0.1¢ |
  |
Change
-0.001 ( 0.00 %) |
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Open | High | Low | Volume | ||
0.1¢ | 0.1¢ | 0.1¢ | 311713 | ||
Last updated 13.59pm 13/05/2024 ? |
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CNJ (ASX) Chart |
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MGU
MAGNUM MINING AND EXPLORATION LIMITED
Neil Goodman, MD
Neil Goodman
MD
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