how can we drop that much on a great outcome, page-12

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rockofgib

1,687 Posts.

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01/04/25

12:35

Post #: 78497471
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Originally posted by onway8: ↑

I've never hold even 1 shares of CRS mainly due to my fund allocation, so just watching it these days arrow shooting up the sky and back down today.

It reminds me the same behaviour of MGV, which was the direct neighbour of CRS. Each time when MGV reported a good drilling result (everywhere it drilled it has significant gold discovered) its share price always went down, this behaviour repeated all the way until RMS bought out MGV, and MGV share price was finally moved up to match the market value to the offer price of around $200M. After RMS bought MGV, RMS share price appreciated significantly.

Share price of a gold explorer having good drilling result will always be kept a lid for the benefit of a hunter, that is what I experienced and understand since then.

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Thanks for that info - this is exactly my suspicions for the underlying reason which is in play now.

CRS Price at posting: 5.9¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 5.5¢		Change -0.001(1.79%)		Mkt cap ! $37.35M

Open	High	Low	Value	Volume
5.6¢	5.7¢	5.5¢	$128.1K	2.302M

Buyers (Bids)

No.	Vol.	Price($)
8	1233458	5.4¢

Sellers (Offers)

Price($)	Vol.	No.
5.5¢	210277	3

View Market Depth

No.	Vol.	Price($)
8	1233458	0.054
6	2289000	0.053
3	1410000	0.052
2	643843	0.051
7	1655019	0.050

Price($)	Vol.	No.
0.055	51286	1
0.056	522012	5
0.057	932247	3
0.058	120000	1
0.059	216000	3

Last trade - 15.26pm 16/06/2025 (20 minute delay)

CRS (ASX) Chart

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