CHZ 4.17% 12.5¢ chesser resources limited

7 days, page-18

  1. SBC
    1,005 Posts.
    Well, I remember having a discussion with Timbo/FishoMc/Blackburn (can't remember who exactly) on the BOM thread, whereby I thought the initial rise in volume over the pre-acquisition period was another false start, but was wrong as it turned out.

    However, with BOM there were about 5 reasonable volume days like this strung together before it went crazy with buyers sweeping all before them up to $0.65 prior to the announcement.

    The buy depth for CHZ at the moment looks a bit thin over $0.32, but buying will come eventually from off screen anyway.

    I am still undecided if this is the real run-up yet as it seems to have just regathered itself to pre-market downturn levels (hope it comes down a bit again as I have some more funds coming my way on Friday, which could be an interesting day anyway wrt the broader mkt. direction).

    Either way I will be watching with interest.

    Cheers
    SBC
 
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