I guess with, this recent pick up, the management is very confident on the upsides of cangai mine. Lets hope they are not selling us Lemons! I can see two clear scenarios here:
First scenario: cangai mine and the othe jorc resources turn out to be what they expected which means that the recent purchase of tenement contributed to the size of the jorc. Share price moves by 2-3 folds
Second scenario: lemons lemons! Size of the jorc resource was overhyped and the recent acquisition was also a dud! With the dilution, we go back to 1.0 cents
Not trying to downramp this stock but just lookjng at the what ifs. The expected return for ccz will depend on your judgement on the likelihood each can occur and your own risk appetite.
But with recent uptrend of the share price, im thinking more of the first scenario. GLTAH
I guess with, this recent pick up, the management is very...
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Last
0.9¢ |
Change
0.001(12.5%) |
Mkt cap ! $11.69M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.9¢ | $4.142K | 460.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 3693156 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 5974431 | 1 |
View Market Depth
| Last trade - 12.47pm 22/05/2024 (20 minute delay) ? |
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Last
0.9¢ |
Change
0.001 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 0.9¢ | 0.9¢ | 0.8¢ | 1033206 | ||
| Last updated 14.32pm 22/05/2024 ? | |||||
| CCZ (ASX) Chart |