CNB 4.13% 58.0¢ carnaby resources limited

Ann: HMX: Commencing Preliminary Discussions, page-69

  1. 9,235 Posts.
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    @ozsoul you've nailed it, so far as ordinary punters are concerned re a possible CNB/HMX merger.

    it's only about dilution for CNB holders if the merger proceeds

    the relatively tight register for CNB has been SP supportive.

    this will vanish in a merger.

    a tidy rally Monday with sales in the 60.5 - 70 cents range before settling up 7% at 65c.

    this would suggest good news is imminent.
 
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