Sean K
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- 21 April 2006
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Looks like the carnage might be over. MC back to $850m. Geesh, was $2.5b at one point.
Looks like the carnage might be over. MC back to $850m. Geesh, was $2.5b at one point.
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You cursed me by talking it up! Thought I had a chance this month.So much for that. The spike on the 10th looked like the sellers had been shaken out and new buyers in control. Da dahh.
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You cursed me by talking it up! Thought I had a chance this month.
I was joking about the post yesterday morning, where you said it had appeared to have formed a base (I thought so too), and then the quickly following post where the price collapsed. Tickled me.Apologies.
Still a couple of weeks to go. Good luck.
There's not many other good examples of a company being smashed after showing realistic numbers on what's going to be mined. ASM probably the closest.
Could be just following the Lassonde Curve and on the down hill slope to financing. But, that seems to be the problem. A bunch of very large companies got into the data room and then said 'no thanks'. I think that was probably the point where insiders bailed forcing a capitulation.
I was joking about the post yesterday morning, where you said it had appeared to have formed a base (I thought so too), and then the quickly following post where the price collapsed. Tickled me.
Tickled me too; still giggling ha ha haI was joking about the post yesterday morning, where you said it had appeared to have formed a base (I thought so too), and then the quickly following post where the price collapsed. Tickled me.
Garage scale is next level!'bench-scale" sounds pretty thorough to me.
Garage scale is next level!
Good to see them at least looking at the processing., trying to be creative.
Yeah, apart from that they're going to raise lots of capital using a lower share price for the equity component and completion's too far away (i,e orphan period) and some will have doubt as to whether it'll even happen (indigenous, local comunities ..). A lot of negativity can happen in the next 5 years. Still possible that a jv or sale to a major could happen I guess but I've concluded that was mostly Dorsch spin to keep shareholders in - worked on me. Exploration success in greater Julimar another wildcard but I think management's run out of tricks. Bit of emotion in my take though; If I'd held I'd be down another $125 Gees.but there's got to be a better explanation than the price of the contained metals having a rough trot.
@finicky Say it quick and blink at the same time and it won't sound or look as bad as it is.Sold 40,000 @ 3.13 for $125k so at roughly half the price today I would only be down 'another' $60k, not $125k. By 'another' I just meant the profit loss from not selling earlier during the 3 day crash.
Still significant though - I hesitated quite a bit before spending $35k on a Mazda 2 this year.
Crikey! How do they expect us Bear Hunters to make a living?Read that the recent demand for CHN coincided with a 24% increase in palladium. The Pd rally predicated on further banning of Russian produced Pd.
So Pd jumped 24% and keen punters bought CHN as Pd represents an estimated 55% of their production revenue (that won't start for many years). After rally Pd was $1240/oz but the CHN scoping study assumes average Pd price of $2000/oz.
CHN are so screwed that one of their execs asks that short selling of pre-revenue critical mineral stocks should be banned. (AFR article)
Edit: I'm tightening the trailing sell stop on my CHN open trade. CHN share price is going nowhere quickly.
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