Problem here IMO, is that aside from tax loss selling, I'm sure there are some who aren't willing to wait another 6 to 7 months that it will most likely take to get a Minister's decision on the permit.

 

For those who are willing to wait and also take the risk, these levels aren't giving much value to the underlying asset.

 

Of course, without a permit, the asset is worthless.  You either believe CEC will get the permit, or you don't.  If you believe they will, as they have a proven history of building mines, then this is a good time to either add, or hold. 

 

It doesn't take much volume to cause the price to drop, just as it won't take much to make it rise.  JMO

 

 

Last: 0.070   Change: -0.015   Volume: 63,000   Last Trade: 09:50


 

Level ll Quote
Bid   Ask
Price Total Size # of Orders   Price Total Size # of Orders
$0.07 82 5   $0.08 17 2
$0.065 89 5   $0.085 8 3
$0.06 20 2   $0.09 2 2
$0.055 5 1   $0.095 2 2
$0.05 30 2   $0.10 32 3
$0.045 5 1   $0.105 30 1
$0.04 17 2   $0.11 83 3
$0.035 5 1   $0.13 15 1
$0.03 35 2   $0.145 2 1
$0.025 10 1   $0.15 8 1