Recent content by 5min

what do people think about the current announcement re CR? Anyone still holds?

I agree with above. David H's words did not seem to carry as much weight as last year given his hypothetical portfolio was down 30% ytd (or 40% without recapitalisation). You see some volume again today as well drove the prices up to 14c again. I'd still be cautious to get back into this...

I guess we don't disagree with what DH says but they are still short of cash.

bulked trades sliced down to avoid much attention. Most insto software does this or broker can do it for them.

Update on my observation: The new wave started on Friday and I think this round it may go up to as much as 2.8 should nothing too bad happen at the macro level.

They shouldn't do more SPP anymore, that's only going to drive price down further (and without getting the money) unless they are going to do at <5c (just a random made up figure, don't question me on how to get 5c). They could offer some insto investor (at least non public investors) a big...

Well, at least they got rid of him. What next would be: when they get a new ceo (maybe soon), and he looks at the cash situation and decide what to do. I wonder how much lower the share price can go.

Knowing they reduce spp prices, I'm tempted to get out @ 16c tomorrow. They may call back next week to offer @ 10c... who knows...

Still low vol for now, but turned -ve for the 1st day in a while. Still need to see a bit more volume either way...

Yes, tomorrow and Monday will be critical (on a technical sense). Need to be see a bit more volume. I originally thought it was gonna have another dive before rising, maybe not.

I'd agree with above except I'd wait for break $2.3 before getting back in. The super tax was hurting this type of companies in particular where the miners just cancels projects when they do the CBA analysis against hurdle rate.

It's just technical trading. There are traders (or bots??) who react to news with a bit of lag. I'm not sure whether your quote above was misleading or the announcement on ASX is which I first read and thought the project budget is C$814 million, not the fees to be paid to AAX.

Purely looking at charts, it'll hit its short term high between 2.3 & 2.5. It may break through IF index goes up steadily throughout the US earning season and that MAY turn the trend.

The way I look at it is that it's been punished by the super tax as it provide service to the miners. When/if miners bounces back with the projects continuing, then this company should easily go back to 4 dollars. Current prices level has reached the lows at 2008 crisis level.