The pull back after the SPP shares are issued all depends on the strength of the October Plomosas Production Update figures. I doubt many would sell knowing there is approximately only one week between the SPP issue and the Production Update.
I will not consider selling any of my SPP shares until we have the update and if the update is positive and Zinc continues to be bullish then any SPP shares sold will likely be snapped up by long term investors due to CZL graduating from explorer to successful producer so in the case of CZL a normal pull back may not happen and can't be relied on even though it's the norm in most cases.
TA is usually very reliable but the FA might just win here and blow the chart up.
All in my opinion, could well be wrong.
Ann: Share Purchase Plan, page-70
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.447M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $10.80K | 3.601M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 1807468 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 1138794 | 3 |
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| Last trade - 10.09am 23/07/2024 (20 minute delay) ? |
| YAR (ASX) Chart |