Haha... There's plenty of examples of fresh IPO companies going well below IPO price then flourishing. TRN is one recent example, although they kind of squandered it and now merging with their JV partner.
CDR seems to me to be legit, and with such a low EV it's got room to move.
Ann: High Grade Drill Results at Red Gate Gold Project, page-10
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 (20min delay)
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Last
2.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.307M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 297230 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 12005 | 2 |
View Market Depth
| Last trade - 16.12pm 14/10/2024 (20 minute delay) ? |
| CDR (ASX) Chart |
Day chart unavailable