CMO 3.45% 2.8¢ cosmo metals limited

CMO General Discussion, page-12

  1. 4,792 Posts.
    lightbulb Created with Sketch. 1120

    Last Thursday 14 September OZM, like CMO was struggling due to shortage of cash until announcing a new business acquisition on Friday 15 September. Both companies were trading at close to shell value.


    CMO have been seeking a new project since at least June and I thought about what might happen if CMO follows a similar path to OZM.


    Just like CMO, last week OZM was a low cap company running out of cash and trading close to shell value.

    · OZM were trading at $0.032 with 127m shares for market cap of 4m and down to just under $1m in cash.

    · CMO were trading at $0.055 with 59m shares for a market cap of $3.2m with less cash.


    Just prior to releasing news of a new acquisition OZM were $0.032 with a market cap of $4m on Thursday 14 September and immediately following the news hit a high of $0.12 or market cap of $15m on Friday 15 September.


    If CMO were to follow the same path they would need to move from $0.055 to an immediate high of $0.25 to achieve a similar market cap of $15m.

    After the weekend, OZM halted to announce a $2.5m CR at $0.075 (at a market cap of $9.5m) and then resumed trading at $0.11 today (market cap $14m).


    If CMO were to follow the same path they would halt at $0.25 and CR at $0.155 and resume trading at $0.23.


    As was the case with OZM, you won’t get a warning.

 
watchlist Created with Sketch. Add CMO (ASX) to my watchlist
(20min delay)
Last
2.8¢
Change
-0.001(3.45%)
Mkt cap ! $3.624M
Open High Low Value Volume
2.9¢ 2.9¢ 2.8¢ $4.984K 175.5K

Buyers (Bids)

No. Vol. Price($)
1 40000 2.5¢
 

Sellers (Offers)

Price($) Vol. No.
3.2¢ 30300 1
View Market Depth
Last trade - 10.19am 23/08/2024 (20 minute delay) ?
CMO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.