I think there could be a case for arguing CHN fell into the confirmation bias trap with the ss. They were riding high, literally the darling of the stock market. Everything they said and did up to that point drew a very positive reaction from the market. And let's be honest, their marketing up to that point was textbook.
But then they started drinking their own kool aid and pushed things too far in the ss, and the market called them out on it. A lot of the legitimate good work the company has done has now been drowned out in the noise, and the shorters have seized control.
The project may well advance to production one day, but damn they've made things hard for themselves.
I think there could be a case for arguing CHN fell into the...
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Last
$1.55 |
Change
-0.050(3.13%) |
Mkt cap ! $601.0M | |||
| Open | High | Low | Value | Volume |
| $1.56 | $1.59 | $1.50 | $3.657M | 2.364M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1298 | $1.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.55 | 9737 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| CHN (ASX) Chart |