CAD hasn't started drilling yet. Or at least they have't announced it.
IMHO some strategic investor is selling options and buying up shares instead.
As always, physical shares are better than options because ops can be volatile. (as we are now seeing).
If you look Ops have halved in value whereas shares have only dropped 12.5% and certainly some people are panic selling.
If there was something drastically wrong on the field, with that sort of volume share values would have dropped at lot further.
Hang in holders i don't think we are to far away.
SELL IN THE HIGH AND BUY IN THE LOW.
Running away, page-13
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.296M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $3.208K | 1.638M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 93 | 373667480 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 40425373 | 31 |
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| Last trade - 13.34pm 27/09/2024 (20 minute delay) ? |
| MTL (ASX) Chart |