These results are encouraging. There's certainly no eureka hit so far, hence why traders simply churned stock on the announcement. I expect more shenanigans with the share price until there's a catalyst for holding.
The potential I see now in CZN is Hanking; if they like what they see at the end of the drilling phase, not only would they convert their 85M options, I'd hazard a guess they'd consider buying out CZN all together.
Ann: Cobalt Ridge new drilling results, page-6
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0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.339M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 2848811 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 3788550 | 6 |
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