Unless the price action is all speculation driven. Looking at the volume I don't think it is.
The whole board spill doesn't make much sense unless it's tied to an asset sale.
Think about how thin that letter was explaining their rational for why we should vote for them. They didn't care because they were pretty confident they had the numbers. If they really wanted to step in to build the mine and run the company they would have presented a much more convincing case.
I'm loathed to add to my position with this sort of shenanigans a foot as it's more speculation than investing but I think the circumstances are pretty compelling for a small but secure return over the next days/weeks.
Worst case scenerio sees us back at 6 or 7 cents so the downside isn't that bad. We know we have an almost fully funded project and the $A gold price is looking very sticky above $1,800. Esh
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Unless the price action is all speculation driven. Looking at...
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Last
$6.49 |
Change
0.050(0.78%) |
Mkt cap ! $2.397B |
Open | High | Low | Value | Volume |
$6.43 | $6.55 | $6.37 | $6.461M | 999.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 2845 | $6.48 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.50 | 4682 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 135 | 5.570 |
5 | 14915 | 5.550 |
2 | 7023 | 5.540 |
4 | 10250 | 5.530 |
1 | 3000 | 5.520 |
Price($) | Vol. | No. |
---|---|---|
5.600 | 26965 | 9 |
5.610 | 9400 | 4 |
5.620 | 15379 | 3 |
5.630 | 13592 | 3 |
5.640 | 6546 | 1 |
Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
CMM (ASX) Chart |