I'm wondering if we've entered a similar pattern to 2020 where by announcements that were proving up the resource were sold into.
in 2020 we had a few times where the price would bounce around 30c - (45-50c), eventually the price caught up to the potential of the company.
I too was slightly concerned by the comments of $4 SP in 2-4weeks after a short rally.
CNB is a hot stock and is presenting opportunities for the market to capitalise and make money (the core aim of literally everyone)
I still take the long hold approach, but I've been in since 16c so the swings are a little harder to stomach now...
we do need LF to really pop off before I see this being back around the $2.50 mark
Ann: Step Out Drilling Hits SW Extension of Nil Desperandum, page-53
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Last
39.5¢ |
Change
-0.020(4.82%) |
Mkt cap ! $67.91M | |||
| Open | High | Low | Value | Volume |
| 41.0¢ | 41.0¢ | 38.5¢ | $88.59K | 224.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2200 | 39.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.5¢ | 1355 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| CNB (ASX) Chart |