Look at the volume on the left with the rise, then look at the...

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cjames1

510 Posts.

650

11/06/21

13:48

Post #: 53794687
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Originally posted by cjames1: ↑

Wow. A company drills their first hole at a prospect, comes up with some of the best IOCG visual mineralisation from a junior on the ASX in a long time and it attracts down rampers when the price falls back 10% after having risen 200%! You clearly do not understand exploration and how many holes (let alone programs and years) it takes to make a discovery. Us geologists get excited when we hit anything anomalous above background let alone hit obvious, wide mineralisation on first hole. Also, a stock does not turn over $28M in one day if investors believe that "assays results might not be quite what we were expecting". These stocks suffer from illiquidity once the hype wears off for retail traders however professional investors are very much aware of what is going on. Whenever I see comments like this I always question the intention of the poster...

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Look at the volume on the left with the rise, then look at the volume on the right with the drop off. Don't just look at price... look at the volume weighted price (VWAP)

COD Price at posting: $1.08 Sentiment: Buy Disclosure: Held
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(20min delay)
Last 8.3¢		Change -0.004(4.60%)		Mkt cap ! $20.71M

Open	High	Low	Value	Volume
8.5¢	8.7¢	8.2¢	$7.627K	88.47K

Buyers (Bids)

No.	Vol.	Price($)
2	15052	8.1¢

Sellers (Offers)

Price($)	Vol.	No.
8.7¢	11111	1

View Market Depth

No.	Vol.	Price($)
2	15052	0.081
3	60097	0.080
1	6411	0.078
1	40000	0.077
2	150000	0.074

Price($)	Vol.	No.
0.087	11111	1
0.088	1574	1
0.090	22760	2
0.091	60000	1
0.093	67250	2

Last trade - 16.10pm 18/06/2025 (20 minute delay)

COD (ASX) Chart

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