Sorry, missed this one. I have no idea why the SP is so stagnant here. It's clearly undervalued, but sellers always have the upper hand. Feels like one large holder has been getting out, which has suppressed the SP. I did see that large 22.6mill transaction @7.5c go through on Friday (best guess is Merrill Lynch Nominees holding at 23,536,817). It's not Hawkes Point (#1) or Acorn Capital (JP Morgon, Citi & BNP nominees).
DFS will be a catalyst I think. At 8c there isn't much downside risk but has been punished for the last 6 months. The whale seller might be out? One to watch.
CMM - My forecast, page-22
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Last
$5.35 |
Change
0.090(1.71%) |
Mkt cap ! $2.019B | |||
| Open | High | Low | Value | Volume |
| $5.37 | $5.39 | $5.25 | $5.963M | 1.119M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2713 | $5.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.35 | 13300 | 3 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| CMM (ASX) Chart |