CDR codrus minerals limited

Why would you sell at 7c when that is less than cash backing. It...

  1. 4,708 Posts.
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    Why would you sell at 7c when that is less than cash backing. It has a very good management team and over 3 million in cash. These shells always find good project's when management is well connected like CDR. I feel your pain mate I've done shite mistakes like you but I always move on. If assays come in good which today's announcement said we are waiting on then price probably moves past 20/30 cents. This is like my other stocks od6 and 1vg. Small shares on issue and good news causes big SP gains. Risk reward massive here with 40 million shares on issue and 3 million cash. No brainer for me here at 14cents. That's nearly cash backing.
 
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(20min delay)
Last
4.0¢
Change
0.000(0.00%)
Mkt cap ! $8.269M
Open High Low Value Volume
4.1¢ 4.2¢ 4.0¢ $24.21K 593.0K

Buyers (Bids)

No. Vol. Price($)
1 31500 4.0¢
 

Sellers (Offers)

Price($) Vol. No.
4.1¢ 137500 1
View Market Depth
Last trade - 15.58pm 16/06/2025 (20 minute delay) ?
CDR (ASX) Chart
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