They need cash soon and seem to be having a few set backs. The share price tanked and then bounced back fairly hard on nothing more than emotion (as no news either way). They have $8.91 as the lower end of fair value?
A lot would have to happen to $8.91, I reckon. In the world of 'Lies. Damned lies. Statistics', I place this forecast in the Statistics category.
I thought about buying CAN recently when it was 50c. When it got to 40c I thought I was lucky I didn't buy at 50c and that it looked like maybe the end for CAN. I was wrong of course and obviously opportunity lost. I watched with interest since and I can't work it out.
Is it a pump up for a CR or has the market got a whiff that finance in on its way???
All IMO. I don't hold CAN.
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