These are interesting developments.
Someone wrote in the CNB forum that CNB could take over HMX. I don't believe that. At least 50% of HMX is in firm hands - probably more like 60% or more. An offer would have to be very attractive for someone from the long term holders to say goodbye to HMX.
The fact that the SP of CNB and HMX are developing conspicuously in parallel (as has already been noted several times) rather suggests that the market probably sees the two as a possible - future - unit. I don't know whether anyone is already trying to do a bit of fiddling with the SP. It will be worth keeping a close eye on this development.
I'll take a look at the chart. It looks like a few people have taken heart and stopped selling and the focus is once again on the 5.3 to 5.6 cents zone. Based on my gut feeling, I think we should end the year with an SP of over 6 cents. I am curious to see whether the JV drillings will bring anything and how this will develop.
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Last
3.6¢ |
Change
0.002(5.88%) |
Mkt cap ! $31.91M | |||
| Open | High | Low | Value | Volume |
| 3.5¢ | 3.6¢ | 3.3¢ | $20.19K | 579.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 47789 | 3.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.6¢ | 299999 | 2 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
3.5¢ |
Change
0.002 ( 6.06 %) |
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| Open | High | Low | Volume | ||
| 3.3¢ | 3.5¢ | 3.3¢ | 121345 | ||
| Last updated 13.51pm 14/06/2024 ? | |||||
| HMX (ASX) Chart |