CMM 1.23% $6.41 capricorn metals ltd

Ann: Deep Drilling Commences to Test for Extensions, page-23

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  1. 2,659 Posts.
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    Nothing wrong with the Announcement IMO however one could argue though that grades are low for those depths.

    Notwithstanding I think what the market is looking for is the resource upgrade. If I had to guess a LoM around 10 years and grades closer to the 2 g/t is where I think we will end up. As per the previous explorer/developer/ producer chart we are not yet in the blue zone which I believe will commence around the middle of this year at which time we will have line of sight on funding which will give larger investors the complete picture rather than dealing with an unknown currently.

    The chart clearly shows the daily Long term down trend line which has been our supply line for around 2 years. We are definitely getting to the pointy end of that and I would expect the re rate to commence upon breaking that. It is worth mentioning that CMM isn't a day traders stock so I don't expect massive moves rather incrementally nudging upwards. This is an investors stock from what I can see.

    GLA

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Last
$6.41
Change
-0.080(1.23%)
Mkt cap ! $2.397B
Open High Low Value Volume
$6.59 $6.60 $6.35 $5.091M 793.8K

Buyers (Bids)

No. Vol. Price($)
2 2857 $6.40
 

Sellers (Offers)

Price($) Vol. No.
$6.41 1389 1
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Last trade - 16.10pm 02/12/2024 (20 minute delay) ?
CMM (ASX) Chart
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