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2.9¢ connexion mobility ltd

The fundamentals get glossed over because the common...

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10/09/20

16:26

Post #: 47246173
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Originally posted by Josh1996: ↑

@Oscar09 any thoughts on why the market has completely glossed over the fundamentals ?

I'm particularly at a loss with this one as on the day I brought it it was a toss up between CXZ and BRN. I had a good hard look at the fundamentals and to me CXZ was the clear winner - I couldn't justify how BRN could be secretive about their operations, earn less money than I do, and burn investors money at an alarming rate and still go up.

Oh well, in my eyes a short term hold is anywhere from 1-3 months and its still got some time to play out. I am however very worried when it gets back up into the 0.03+ area that is it going to be sold down by majority of holders looking to exit at a break even.

Time will tell.

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The fundamentals get glossed over because the common misunderstanding about the Lucerne sell down and the manner that was done and Nanias role in that. Any mention of the Lucerne Composite Fund has been removed from the Lucerne site which now pushes a bearish fund product. CXZ is just a wait and hold stock at the moment, the quarterly should inject new life into the price as CXZ remains profitable and debt free.

CXZ Price at posting: 1.8¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.9¢		Change 0.000(0.00%)		Mkt cap ! $25.43M

Open	High	Low	Value	Volume
3.0¢	3.0¢	2.8¢	$102.3K	3.475M

Buyers (Bids)

No.	Vol.	Price($)
1	206310	2.9¢

Sellers (Offers)

Price($)	Vol.	No.
3.0¢	932981	1

View Market Depth

No.	Vol.	Price($)
1	206310	0.029
8	1888125	0.028
7	4306985	0.027
4	478265	0.026
1	80000	0.025

Price($)	Vol.	No.
0.030	932981	1
0.031	535714	2
0.032	231430	1
0.033	1355045	4
0.034	29440	1

Last trade - 15.55pm 31/07/2024 (20 minute delay)

CXZ (ASX) Chart