Personal view, the news flow is about what one would expect as they drill out the discovery with 2 rigs. I have compared to RTR since their discovery and CNB are keeping shareholders informed more frequently imo.
I think the problem is more the market hasn't responded to the news (in particular the very impressive results from LF) - though I'm holding long so not too worried about current price. Seems to have stabilised the back half of this week - keen to see what happens if we break out the upper side of the downward wedge pattern that Wack has been posting. My guess is if the share price does recover we'll still see resistance at $1.20-1.30.
Have a great weekend all,
Dingo.
Ouch, page-2
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Last
54.0¢ |
Change
0.045(9.09%) |
Mkt cap ! $92.84M | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 54.5¢ | 49.5¢ | $145.8K | 279.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12000 | 53.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 54.0¢ | 30026 | 1 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| CNB (ASX) Chart |