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Appreciate the detailed response. All scenarios possible/valid I...

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patricknjones

82 Posts.

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04/03/21

21:01

Post #: 51530959
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Originally posted by jogo: ↑

My first guess is the title of the 2nd slide in the presentation "High Leverage". That typically indicates borrowing. Not what was what meant of course but how would the audience react in today's climate of a bear market?
My second guess is that the POG is going backwards at present and there is increasing commentary that the US share markets are heading for a downturn and that will also affect the ASX which is down again today too, of course.
My third guess is that CBY is a small cap and a volatile stock and so the negative market sentiment towards gold stocks will affect CBY.
Overall, the total sales today amounted to $36k and so only a few people selling can have this kind of impact. Recognise that there were sales at 12.5c during the day.
Without any announcement in relation to exploration or tenement results then you have to look at market sentiment.
CBY continues to be a high risk, high reward stock. Can you swallow PNG risk? Can you accept the need for the company to continue raising the funds that it needs going forward?
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Appreciate the detailed response. All scenarios possible/valid I guess. Continue holding and hoping for that high reward.

CBY Price at posting: 10.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 4.2¢		Change 0.000(0.00%)		Mkt cap ! $7.213M

Open	High	Low	Value	Volume
4.2¢	4.2¢	4.2¢	$7.035K	167.4K

Buyers (Bids)

No.	Vol.	Price($)
1	150000	4.3¢

Sellers (Offers)

Price($)	Vol.	No.
4.5¢	120000	1

View Market Depth

No.	Vol.	Price($)
1	150000	0.043
1	27455	0.042
1	13000	0.041
3	115000	0.036
1	9500	0.031

Price($)	Vol.	No.
0.045	120000	1
0.064	47478	1
0.065	25372	1
0.077	125000	1
0.079	3500	1

Last trade - 12.02pm 28/06/2024 (20 minute delay)

CBY (ASX) Chart

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