CMM 1.23% $6.41 capricorn metals ltd

Ann: Karlawinda Optimisation Study Delivers Increase to NPV, page-47

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  1. MG.
    4,383 Posts.
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    I bet my ass on this theory. Someone who is keen on CMM is suppressing the sp so it won't look too bad when they make the bid for CMM. mind you it has to have the support of some major shareholders in the top 5. so if my theory is right i expect a bid for CMM in the next few weeks. As correctly pointed out company can't raise massive capital at these prices of 6c. So someone with deep pockets in the gold sector are behind these games. Expect a bid in july sometime is my gut feeling. These guys who are going to bid would have access to sell a chunk of shares that's sold in the last 2 months, either directly themselves or through an understanding with a fund that has CMM shares. Any way I look at it this is what I have seen. I will be picking up more in this and am changing my position to Held now to be fair. The desperation in pushing this sp down is a clear indicator to me that the bid would be very soon. Well time will tell if my hunch is on the money or not. DYOR guys.
 
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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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