CNB 0.88% 56.5¢ carnaby resources limited

Message to self.....

  1. 19,172 Posts.
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    One of the other stocks I own, is CVN (no...not a cross promotion). It has a market cap of around $320mill and has found a decent wad of oil. Largely though, it's still an exploration Company..
    When its share price rises from 20c to 22c (meh...no 'biggie'), that's actually an increase in Company value of $32 million dollars.

    Thanks to the impossibly small amount of shares on issue for Carnaby, if If our exploration Company were to rise by $32 mill, our share price would catapult up to 43c.
    Even if our share price rose to $1.00, that's actually only a market cap of $95 mill. Hardly over the top for a Company that will soon have around $30 million in cash and a bunch of seriously rich prospecting ground.

    My point is, it's so bloody important to ignore share price and focus solely on overall market capitalisation.

    Once CNB starts to run....and I mean really run, the strictest discipline will probably lay in not being influenced by the 10c.....or even 20c daily jumps.

    Message to self!
 
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Last
56.5¢
Change
-0.005(0.88%)
Mkt cap ! $97.14M
Open High Low Value Volume
57.0¢ 57.5¢ 55.0¢ $235.3K 416.4K

Buyers (Bids)

No. Vol. Price($)
1 999 56.5¢
 

Sellers (Offers)

Price($) Vol. No.
57.5¢ 9571 1
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Last trade - 16.10pm 12/07/2024 (20 minute delay) ?
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