CGR have no data to prove that they have anything in the ground that is worth digging out for processing and sale.
Until they prove otherwise through drilling the SP will never move above $0.20.
The first target was a duster and SH's reacted accordingly.
They do have other targets that they are drilling, but who is to say that these targets don't also turn out to be duds?
CGR is a pure speculative play...rocks or diamonds.
Ann: Webb Project Drilling Update, page-101
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Last
14.0¢ |
Change
0.005(3.70%) |
Mkt cap ! $12.70M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 14.0¢ | 13.0¢ | $20.08K | 150.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 162288 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 27896 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| CGR (ASX) Chart |