Australia's largest stock trading and investment forum Australia's #1 stock forum

C29

Click for more information

6.02%

8.8¢ c29 metals limited

Cheapest U play on ASX, page-38

First 38 Last

Share
Profile

Follow
Buckaroo737

3,558 Posts.

288

02/07/24

15:35

Post #: 74570039
Share

Originally posted by stevenjd: ↑

Most of the big gains are infact during the discovery stage.
I agree - rather it is during a development window, that things can go sideways as all the price sensitive news triggers are out of the way and you passage through development commissioning risks.

So here we are, at the foot hills of discovery stage.
There is also the possibility of being taken over, as discovery achieves significant scale.

The equation that sets this apart from the sector, is we have a treasure map. X marks the spot, drilled by the soviets. Go fatten the MRE out, and expanding our foot print for larger exposure in the trend.
This equates to a high probability of drill discovery high grade headlines. That is what will get this pushing its nose in front of the pack. They will raise money along the way, but use of funds into high drill efficiency discovery, because of that treasure map.

Expand

True, if I was to enter an early stage play again, I think I would aim to bail out during MRE release, or if the MC goes silly, because it usually gets sold down after that.

C29 Price at posting: 8.0¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

Making money: How many microcaps should be in an investor's portfolio?

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

There are more pages in this discussion • 9 more messages in this thread...

First 38 Last

Add C29 (ASX) to my watchlist

(20min delay)
Last 8.8¢		Change 0.005(6.02%)		Mkt cap ! $14.80M

Open	High	Low	Value	Volume
8.3¢	8.8¢	8.3¢	$43.13K	499.9K

Buyers (Bids)

No.	Vol.	Price($)
1	44000	8.7¢

Sellers (Offers)

Price($)	Vol.	No.
8.9¢	79000	3

View Market Depth

No.	Vol.	Price($)
1	44000	0.087
1	44088	0.086
2	323255	0.085
1	100000	0.083
1	12195	0.082

Price($)	Vol.	No.
0.088	44010	1
0.089	79000	3
0.090	50000	1
0.091	68441	1
0.093	40000	1

Last trade - 14.52pm 01/11/2024 (20 minute delay)

C29 (ASX) Chart