positive posts, buy recommendations from brokers etc, does not guarrantee the share price will rise.
nido is a classic example. 5 months ago it was trading nicely around 19-20c. Then, a broker came out and said to buy (valueing the company at 35c). Guess what has happened since that report came out. Nido's share price has fallen back to 15c.
Also, despite everyone raving how great Nido is on Hot copper (have a look at all the posts except for meerkat's ofcourse) and yet the price has not increased beyond 17c.
The point I am making is as follows: The market is only interested in ONE thing....ie runs on the board.
In Nido's case they are still in the development phase. Has lots of potential but has not drilled or produced any oil. But in time Nido will deliver.
Same thing goes for CCI. Once in production, the share price will no longer be trading in its current range.
CCI Price at posting:
0.0¢ Sentiment: None Disclosure: Held
