COI's chart shows several " volume climax " chart patterns = big volume at a high or low signals a trend change - currently the volume continues to decrease, and until it picks up, the SP will struggle to tread water .... not a great time to exit, but if it not going to improve, thats the way the cooky will continue to crumble. Unless a big player steps up, enthusiastic retail investors will run out of spare cash and bravado. I agree with 777 - Mahalo et al is a natural fit for Santos, they have a blocking stake, and only when STO decides to move, and "make an offer COI cant refuse", will the long suffering COI SH's know what there final SP will be ... I think simplistic comparisons between STX/WGO and STO/COI don't apply. I find it exacerbating that we have to wait till Xmas for a maybe surprise to see if COI remains a "speculative stock" or not for another year or 2.
COI Price at posting:
17.0¢ Sentiment: Hold Disclosure: Held
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