CMX 0.00% 4.4¢ chemx materials limited

Picked up a few more today too.Wouldn’t be too concerned with...

  1. 243 Posts.
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    Picked up a few more today too.
    Wouldn’t be too concerned with the lack of buyers, I suspect there’s many on the sidelines watching and waiting to see how low it might go, trying to time their buys at the lowest point, in no rush knowing that drill results and the PFS are still some time away and the Russian invasion is stifling demand for micro cap stocks across the market.
    Anyone selling now is doing so at a loss, and the volumes since the Ukraine crisis/invasion have been tiny. Today there was only ~$10K in total value traded, so unless the war situation escalates wider or more nuclear threats are raised that cause more panic selling at a loss, it feels like a bottom has basically been reached here, with very few buyers, but very few sellers. Any further selling and possible SP decrease in the short term is likely just going to be due to the geopolitical situation, rather than any concern with the company itself.

 
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