I would be surprised if the stock does not drift lower for a while.
Reading the posts it looks like some want the stock to rise which is understandable given the fall
I do not disagree with many there is something real under the ground however there has been a lot of hype in general, I am sure a few have seen the term 'the everything bubble' as well.
As a investor there simply are other opportunities that have different business cases with different time horizons.
CHN need to take advantage of how it managed to raise at higher prices I think by investing wisely in how best to extract value for shareholders, and I am not talking about JV's or a sale either. I think the politics and the fact it is just out of Perth has arguably skewed the assessment of the project away from pure return for shareholders and stakeholders because it is about return and not growth and some need to revisit this notion.
Some need to understand the resource cannot get up and run away, prices can change however managers are allowed to think laterally and look for alternatives to mitigate risk and get more bang for the buck. Not everyone is a trader however even astute investor understand time is money and there are opportunity costs to especially with long lag times
The tail should not be wagging the dog, investors should be at the forefront of decisions
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Last
$1.42 |
Change
0.035(2.53%) |
Mkt cap ! $552.4M |
Open | High | Low | Value | Volume |
$1.39 | $1.43 | $1.38 | $3.595M | 2.557M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | $1.41 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.42 | 95494 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 1.410 |
3 | 28560 | 1.405 |
1 | 3000 | 1.400 |
1 | 11829 | 1.395 |
2 | 67297 | 1.390 |
Price($) | Vol. | No. |
---|---|---|
1.420 | 75796 | 3 |
1.425 | 11829 | 1 |
1.430 | 22318 | 2 |
1.435 | 29329 | 4 |
1.440 | 2874 | 1 |
Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
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CHN (ASX) Chart |