re: Ann: Presentation to 2012 Africa Mining C... There was big selling pushing the stock down to 24c while buyer demand had mysteriously dried up. Co-incidence? I think not, I think it was a classic case of short selling!
This all happened in the same week that CHN confirmed that it had received the $3 million from the Eriterian gov and gave an updated investor presentation that revealed all was going well! At one stage, it was so bad I thought it might even go as far low as 20c but fortunately it never did.
I'm a long term holder and very bullish about the two prospects that CHN still has. The Mogoraib North has really good potential considering it's unexplored. If the drill results are similar to those found near the Bisha mine which I expect, it will be party time.
http://www.nevsun.com/projects/eritrea/Asmara_Geocongress_Journal_2011.pdf
Ann: Presentation to 2012 Africa Mining Congress , page-5
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Last
$1.34 |
Change
-0.050(3.60%) |
Mkt cap ! $571.8M | |||
| Open | High | Low | Value | Volume |
| $1.40 | $1.41 | $1.33 | $2.161M | 1.585M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18387 | $1.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.34 | 3757 | 2 |
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| Last trade - 16.10pm 28/11/2024 (20 minute delay) ? |
| CHN (ASX) Chart |
