CML 5.00% 1.9¢ chase mining corporation limited

impact of wow/ ctx deal

  1. 5,174 Posts.
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    I have just completed my initial assessment of the impact of the WOW/CTX deal on CML. There is bad news for CML holders.

    Based on the technical analysis and backed up by fundamental analysis, there should be a significant short to medium term affect on the CML price.

    My first downside target is a close below 7.28 followed by a step fall to 7.00.

    Citigroup Smith Barney put out a detailed assessment of CML and WOW back on 17 June 2003. This makes interesting reading in light of yesterday's announcement. Unfortunately I cannot reproduce the report - its a 15 page pdf file. I recommend people read it before acting.

    Right now I'd rather be in WOW's shoes than in CML's.

    Just my opinion.
 
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Last
1.9¢
Change
-0.001(5.00%)
Mkt cap ! $7.030M
Open High Low Value Volume
2.0¢ 2.0¢ 1.9¢ $53.02K 2.676M

Buyers (Bids)

No. Vol. Price($)
3 2299074 1.9¢
 

Sellers (Offers)

Price($) Vol. No.
2.0¢ 150107 1
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Last trade - 16.10pm 23/04/2021 (20 minute delay) ?
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Last
2.0¢
  Change
-0.001 ( 0.00 %)
Open High Low Volume
2.0¢ 2.0¢ 2.0¢ 200000
Last updated 15.23pm 23/04/2021 (live) ?
CML (ASX) Chart
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