CMM 0.16% $6.43 capricorn metals ltd

Hi Im very much learning too. However I've been spending a fair...

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  1. 2,659 Posts.
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    Hi

    Im very much learning too. However I've been spending a fair bit of time looking TA just to support FA so I can pick good entries.

    Yes SMD and CMM both have under appreciated assets ATM. SMD is a great buy especially if it breaks out above 2.3. They do indeed both have the one and same Peter.

    CMM is just a little nervous because the shares that have come out of escrow recently. I can only imagine they don't want to offload at these prices and that further supports my THEORY of the bounce in the low 9s.

    Furthermore I remember about 12 months ago CMM had a valuation of about 26c on less ounces and a lower grade than has since been discovered. Once drilling has been finalised and the DFS is done, including the ounces and grade upgrades I have to think that the 26c valuation will be a thing of the past.

    Whether the market gives us a fair price is yet to be seen. Dacian has a fair value IMO. Either way if you're in for the long haul to production we will all be big winners.

    GL
 
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Last
$6.43
Change
0.010(0.16%)
Mkt cap ! $2.397B
Open High Low Value Volume
$6.43 $6.55 $6.42 $531.6K 82.04K

Buyers (Bids)

No. Vol. Price($)
4 205 $6.43
 

Sellers (Offers)

Price($) Vol. No.
$6.44 2986 24
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Last trade - 12.40pm 04/12/2024 (20 minute delay) ?
CMM (ASX) Chart
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