Short term I think the SP could come back a bit more despite high gold price. There is some pressure coming from the sell side- it seems to me like a large holder is exiting. Might have to hold on here until the selling dries up.
Meanwhile, Bell Potter have put out some research with a 12 month target of 63c.
http://www.bellpotter.com.au/onlineresearch/fileGet.aspx?guid=A7B33611-69BE-400C-8478-76698637B8F0
This stock is becoming very cheap so once this selling dries up, this is a buy for me. The government's 32m for 30% participating interest takes some of the upside out of this stock but de-risks it quite a bit imo.
consolidation, page-8
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Last
$1.37 |
Change
0.025(1.87%) |
Mkt cap ! $571.8M | |||
| Open | High | Low | Value | Volume |
| $1.33 | $1.37 | $1.31 | $2.349M | 1.749M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6763 | $1.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.37 | 1808 | 2 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| CHN (ASX) Chart |
