With the price near to recent lows and the activities of ‘Them’ , it would be interesting to discuss how trend in volume demand could advance the price . Current volumes seem to be in the 2 million range or close to 500 million annually. Institutions are picking up enough to build their stock levels and own well over 40%. The ‘sticky’ shares of the major private holders and ‘Us’ are significant but there appears to be that steady trickle allowing those volumes to seep away. We need to invigorate for new investor to raise and keep the price back up to double or treble current levels. Time for the Management to get on with some extra guide to the future of extraction and earn some cash return or at least some timing.
CHN Price at posting:
$3.94 Sentiment: Buy Disclosure: Held
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