CML 0.00% 2.2¢ chase mining corporation limited

impact of wow/ ctx deal

  1. 4,232 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
2.2¢
Change
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Mkt cap ! $4.553M
Open High Low Value Volume
2.2¢ 2.3¢ 2.2¢ $21.82K 971.2K

Buyers (Bids)

No. Vol. Price($)
1 137548 2.2¢
 

Sellers (Offers)

Price($) Vol. No.
2.3¢ 84072 1
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Last trade - 16.10pm 22/11/2019 (20 minute delay) ?
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Last
2.2¢
  Change
0.000 ( 0.00 %)
Open High Low Volume
2.2¢ 2.2¢ 2.2¢ 454254
Last updated 14.41pm 22/11/2019 (live) ?
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