It's very difficult to time the market (if at all possible), and if one is successful, I think it's more luck than experience. I plan to buy more shares but - like you - I am expecting a CR soon. I do not think that retail investors will be allowed to participate. SP will most likely drop when a CR is announced. That could be a good buying opportunity. But a CR is not inevitable in my opinion. The company could have enough cash from the Townsville-project and/or from sales of graphene membranes for example. There might also drop positive news soon reg. the Kamao-Kakula project which could influence the SP positively.
I will wait for the next quarterly and hope it will provide clarity.
It's very difficult to time the market (if at all possible), and...
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Last
23.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $16.97M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 24.0¢ | 22.5¢ | $6.388K | 26.70K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 24521 | 23.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.0¢ | 61700 | 1 |
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| Last trade - 15.53pm 09/08/2024 (20 minute delay) ? |
| CNQ (ASX) Chart |