CWX 0.00% 11.5¢ carawine resources limited

FWIW, my opinion on the current SP fluctuations following strong...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 7,791 Posts.
    lightbulb Created with Sketch. 20

    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

 
watchlist Created with Sketch. Add CWX (ASX) to my watchlist
(20min delay)
Last
11.5¢
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($)
2 120428 9.5¢
 

Sellers (Offers)

Price($) Vol. No.
11.0¢ 130556 2
View Market Depth
Last trade - 16.12pm 26/11/2024 (20 minute delay) ?
CWX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.