GREY:CCNMF - Post by User
Post by
North4ston Jul 15, 2011 1:26pm
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Post# 18836175
Trading Activity - CAA & CNX
Trading Activity - CAA & CNXWell here we are in the era of post split trading and not much has changed in the price.
When I saw 140 CNX trade this morning at $1.40 I thought someone had fat thumbs ... I mean why just pay the trading fee on $196 buy? Just weird. Now over 2,000 shares have gone through setting the current $1.40 price. With CAA bid at $3.38 that puts the post split combined valuation at equal to a $3.69 price. That is OK being business as usual. To achieve the pre-split year high of $1.86, with the new CAA staying at $3.38, shares of CNX would have to be trading at $2.15. Of course I am counting on both of them rising in price as the Callinan story becomes better known and a solid royalty history gets laid down with dividends being distributed.
Anyone have an idea if and when CAA will move to the big board TSX thereby being of interest to many buyers who are prevented from (or unwilling) to by off the Venture board?
North4st