CFR 0.00% 0.6¢ cluff resources pacific nl

well good volume but the price does nothing

  1. 445 Posts.
    The market can be so fickle at times. Here we have a junior penny dreadful getting into bed with CPH who is putting up $1million to market these rubies, wears the costs of turning them into jewellery is happy to consider buying the lot at cost + 10 per cent, gives Cluff between 20 and 50% of the net profit (keeping in mind that the larger stones >4carats can potentially be on a par with diamonds)

    and what happens...............nothing.

    What am I missing here, why are traders happy to sell at yesterday's prices when it appears to me CFR is in a very good deal.
 
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