Prorata, you will be happy to know I actually sold out a couple of hundred thousand shares or thereabouts at 15.5c before the drop to 12 and before the announcement. When it got close to the end of the month and there was no news, what option was there but to run like a rabbit and protect capital?
The announcement was lukewarm in my view, which really was a nice way of saying something is still in the pipeline but the way I read it, has been pushed back from the original time-frame.
Something may well eventuate, i'm not saying it won't, but there is no real detail in this ann. Until then, they have to keep burining cash and I just can't see how they can continue without raising more cash. Something i'm not ready for.
My own view is that for any low to no revenue company in this current climate, the market is in no mood for hope, but wants to see hard cash and cash preservation. Therefore I think the SP will probably drift back to 5-10c by September comes around. That is of course, assuming there is no news until then.
I have obviously changed my position at this current SP. It may be a buy if/when it gets under 10c
- Forums
- ASX - By Stock
- CMB
- Good news soon
Good news soon, page-3
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CMB (ASX) to my watchlist
|
|||||
Last
40.0¢ |
Change
-0.020(4.76%) |
Mkt cap ! $5.011M |
Open | High | Low | Value | Volume |
42.0¢ | 42.0¢ | 40.0¢ | $2.069K | 5.062K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 8915 | 40.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
42.0¢ | 1910 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 8915 | 0.400 |
1 | 10000 | 0.350 |
1 | 4374 | 0.205 |
1 | 2500 | 0.200 |
1 | 5000 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.420 | 1910 | 1 |
0.500 | 3233 | 2 |
0.545 | 13403 | 1 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
Last trade - 10.11am 29/07/2024 (20 minute delay) ? |
Featured News
NVA
Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter
MND
Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?
CMB (ASX) Chart |