Thanks guys
OK so let's look at the facts.
We have a VWAP of 18c
A sell into the close to close lower at 14.5c
No serious buy volume around the point it was dumped ferociously.
It smells like it was pushed down at the 20c area and then the stop losses piled on.
Volume (interest) is still high and the free float at some point has to go out the door.
I just can't see this going back to 10c let alone staying there. There is too much money in the bank for CNO, the grades they are hitting are too high and the market cap is still too low. Plus the JORC resource is too high for the market cap.
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Thanks guysOK so let's look at the facts.We have a VWAP of 18cA...
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