ASXCPT - CEO and the ASX have had a negative correlation for the last 2 months, CEO is probably also the market's best performer over this period as well!
Fundamentals are driving the CEO share price...meaning technical analysis will be sidelined for a while, with many share price catalysts on the way in next few months imo:
1. confirmation of Ovorhangay coal type and quality 2. further significant drilling at Ovorhangay, to estimate potential size of deposit, JORC resource drilling 3. confirmation of coal at South Gobi, coal type/quality, further drilling, establish JORC resource 4. acquisition and payment for Mongolian coal licences 5. acquisition of Indonesian coal licences and drilling (could be announced before Mongolian acquisition finalised)
CEO Price at posting:
17.5¢ Sentiment: LT Buy Disclosure: Held
