Australia's largest stock trading and investment forum Australia's #1 stock forum

CMO

Click for more information

6.00%

4.7¢ cosmo metals limited

Kanowna Gold Project, page-17

First 17 Last

Share
Profile

Follow
poobum

79 Posts.

6

23/05/24

15:02

Post #: 73977356
Share

Originally posted by Von Rico: ↑

Well done on ERW, I hold another couple up in the Andover and hoping for some similar moves. We are finally starting to see some decent gains down at the small end of the market and hopefully some of this emerging sentiment will flow through to CMO in due course. Good capital management makes the world of difference. With low cap companies like ERW and CMO with around 100m shares on issue, these sharp moves are much easier, heavy dilution can become a bit of a handbrake for some of the others.

Look at WA1, floated at 20c with 44m shares at the same time as CMO floated. WA1 also dropped to 12c about the same time as CMO did. In January 2024 they raised $40m with the issue of just 4m shares and would you believe ... they still only have 66m shares on issue and trading at $23. Dilution definitely not an issue for them.

This is an example of good capital management, raise money on the way up, not on the way down. A company we both know recently issues 100m shares at 5c to raise $5m. For WA1 that same number of shares would bring in $2billion now.

Expand

WA1 made a world-class discovery through active exploration and communicated every step of the way.

CMO Price at posting: 4.0¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

AL8

From the Floor question: "What is the focus of AL8 and how is management going to attract shareholders to the registry?" | Alderan Resources

Chris Judd's Talk Ya Book: Tracking Life360 on a journey to the stars

FEX

From the Floor question: "When will FEX start using rail to augment & de-risk their haulage solution?" | Fenix Resources

SXG

From the Floor question: "Could gold be manufactured in a lab like diamonds?"

CC9

The USA's dominance requires a domestic lithium supply chain. Chariot stands to benefit

There are more pages in this discussion • 6 more messages in this thread...

First 17 Last

Add CMO (ASX) to my watchlist

(20min delay)
Last 4.7¢		Change -0.003(6.00%)		Mkt cap ! $6.023M

Open	High	Low	Value	Volume
5.0¢	5.0¢	4.7¢	$8.555K	178.2K

Buyers (Bids)

No.	Vol.	Price($)
1	85631	4.7¢

Sellers (Offers)

Price($)	Vol.	No.
5.0¢	99998	1

View Market Depth

No.	Vol.	Price($)
1	85631	0.047
1	49325	0.045
1	100000	0.043
1	20000	0.041
1	30550	0.039

Price($)	Vol.	No.
0.050	99998	1
0.051	100000	1
0.052	36745	1
0.054	47547	1
0.058	100000	1

Last trade - 12.05pm 19/06/2024 (20 minute delay)

CMO (ASX) Chart

SPONSORED BY