Obviously much higher risk buying now than at 5c. The recipe for any shell play is buy early, be patient and pay attention to the changing register.
I disagree that vol has been low. A look at the 100dma for vol reveals a substantial change in interest and for a stock with this mc/shares on issue the volume has been impressive with some big single buyers.
Is there a story? Well, yes. The information is all there in previous announcements, it's merely a question of whether it cokes to fruition. The success rate from holding shells in the last 12-18 months has been the best I've ever experienced, which I would put down to companies making hay while the sun still shines. Reckon CWG has as good of a chance as any...
CWG Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held