I picked 1.8c to 2c after ex entitlement hoping I would be wrong but its looking more like that each day which after taking the uranium out is expectedly imo not unexpected.
The pattern of trading as the price tumbles is always similar. The low from the day before has a buy order put in front of it next morning but its taken up during the day with the price moving on down to the previous days low and invariably a new low.
Is this just general market movement or do we have a situation being set up here.
Capital raising, consolidation, .... 2c has been a common figure here in the past as long timers would attest to.
In saying this I would not really expect an ann. before pay up date for Cambow as there still might be holders wanting to raise funds for their Cambow shares in a rising price negating the effect of an ann.
Haha! Thats my way of getting my mind thru this demoralising time although again not unexpected.
What is most disconcerting is that we have not shared in the market rebound of 40% plus since the bottomming out.
CNN Price at posting:
2.1¢ Sentiment: None Disclosure: Held
