In a market which is rather bloody atm we are holding up well and forming nice support around that 8c level. I guess in some respects it makes sense as CMM doesn't normally follow the bull or bear wider market as it is happily doing its own thing.
Either way below is the gold chart daily which shows that we need to head and BO of that 1360 USD level. Traditionally gold has been a safe haven in blood bath markets and there is some chatter that that is no longer the case. I guess we will know soon enough. Assuming gold does head north as I think seeing as far I know we are the closest explorer to become a producer in this region I see a lot of upside on CMM. More exploration results to start flowing the next 4 weeks ish. The only hurdle I see before us atm is the final CR. Will that be at significant reduced prices, dept or a business partner???
Regardless this was always a 5 year hold for me with about 12-18month to production so onwards and upwards IMO
CMM forming a nice base on the chart below....tick tock
GLA
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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 |
View Market Depth
| Last trade - 12.40pm 04/12/2024 (20 minute delay) ? |
| CMM (ASX) Chart |
