Hello jogo,
Thank you very much for your very detailed reply.
For what its worth here is my view. Chn got them selves caught with a Market Cap of a huge number that they knew could not be supported by the find they had in the ground, so they did what they could to try and keep the ball rolling in the hope they might find some more to the deposit, that was higher grade. Which included finding someone to say prices would be much higher out in time.
The market then saw that, for what is was, a kind of snow job.
Now they have come out with something that is not very much more different and the market is speculating on what might be or what may be further found.
I think given the exposure CHN has had for the amount of time it has had it, and the fact they they have been actively trying to flog what they have off, either in full or part, to who ever they can, and not one single group anywhere at any time has wanted it, has to tell one that they may in fact not really have much in the way of a project.
In saying that something is going on as the share price has gone up a lot, but, that could simply be a pump. Time will tell.
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Hello jogo,Thank you very much for your very detailed reply.For...
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Last
$1.06 |
Change
-0.055(4.93%) |
Mkt cap ! $412.3M |
Open | High | Low | Value | Volume |
$1.09 | $1.09 | $1.04 | $1.833M | 1.727M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 947 | $1.06 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.06 | 2447 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 6000 | 1.060 |
1 | 2272 | 1.055 |
2 | 15200 | 1.040 |
1 | 5000 | 1.035 |
3 | 8912 | 1.030 |
Price($) | Vol. | No. |
---|---|---|
1.030 | 4804 | 4 |
1.060 | 17456 | 3 |
1.065 | 30741 | 2 |
1.070 | 50800 | 4 |
1.090 | 1740 | 2 |
Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
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CHN (ASX) Chart |