FWIW, my opinion on the current SP fluctuations following strong announcements is:
1) Time of year - always difficult to ramp up interest pre EOFY
2) Whilst the content is strong, less and less value seems to be added to tickers based solely on 'potential', or in ground value - some stocks with nice JORC'd resources live in a cellar that would have been unheard of 3 or 5 years ago.
3) Lots of money and holes still needed, but most importantly, "time" before they can get anywhere near to a revenue generator!
4) Cap raising will be needed, this inevitably means dilution.
Still early, despite there being some incredibly promising ground and results, much patience needed regardless of how 'wonderful' it looks.
As the good news continues to drip in there may well be a steadier trend develop, but it will surely have its dips too.
Don't get me wrong, I am convinced CWX will be a winner, just as I was 4 or 5-years ago about SFX. The (CWX) SP will be a roller-coaster for some time IMO, I intend to enjoy the trading opportunities, but will hang onto a core holding.
Cheers
Cabe
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Last
11.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $21.72M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 9.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.0¢ | 130422 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 32486 | 0.095 |
1 | 50127 | 0.091 |
1 | 1467185 | 0.090 |
1 | 14299 | 0.070 |
1 | 100 | 0.047 |
Price($) | Vol. | No. |
---|---|---|
0.100 | 31130 | 1 |
0.110 | 23199 | 2 |
0.115 | 175000 | 2 |
0.120 | 10000 | 1 |
0.125 | 25000 | 1 |
Last trade - 16.12pm 29/11/2024 (20 minute delay) ? |
CWX (ASX) Chart |
Day chart unavailable