Seems like many people like to hear what they want to hear.
It is not fashionable to be realistic .
As I pointed out earlier, shorters are moving in . 3.08 % of share capital had been shorted just before the announcement. This number has increased every day since then and is up to 3.69% as of a few days ago.
With development and production facing a multitude of risks , and if the project goes ahead , there will not be any income until 2029 at the earliest. This is a shorters dream .
I am a disappointed holder and will continue to hold , but I know it is also best to be realistic so if no deals emerge in the next year I will console myself with a tax write off .
CHN chart, page-5362
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Last
$1.42 |
Change
0.045(3.27%) |
Mkt cap ! $552.3M | |||
| Open | High | Low | Value | Volume |
| $1.38 | $1.47 | $1.38 | $3.755M | 2.633M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20000 | $1.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.43 | 92785 | 9 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| CHN (ASX) Chart |