A very likely scenario. As usual, the Major has it sussed.
The momentum we see on the project, and the interest in the whole gold area, plus the consolidation taking place across the sector, points to further upward movement in the SP.
With the obvious need for further funding removed from the picture, what is there left to hold this back?
While it would be great for us current holders to get our share at the discounted level of 3.2c, the downside is that the process takes at least several weeks, and the SP would be held back for that time. On balance, holders would likely be better off to let the market take CAI to it's rightful level.
Those wanting more shares might be better placed to prepare to get some extra as soon as CAI re-opens. Whatever price that is, might well be the best opportunity we see for a while.
So many possibilities to push this SP along in the near future. Great to be aboard.
A very likely scenario. As usual, the Major has it sussed.The...
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Last
12.5¢ |
Change
-0.010(7.41%) |
Mkt cap ! $95.16M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.5¢ | 12.5¢ | $145.5K | 1.121M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 550752 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 277416 | 4 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
12.8¢ |
Change
-0.010 ( 3.77 %) |
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| Open | High | Low | Volume | ||
| 13.0¢ | 13.0¢ | 12.5¢ | 960726 | ||
| Last updated 15.18pm 03/05/2024 ? | |||||
| CAI (ASX) Chart |