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Day Trader’s Aftermarket Lounge 3 Aug 2020, page-68

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45,144 Posts.

1017

03/08/20

22:31

Post #: 46277167
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Originally posted by Immetoday: ↑

I’d be really interested to hear the thoughts of the more experienced traders on here re CNB and why it hasn’t had a significant re-rate. Yep, understand it has had a sharp rise of late but overall I think I must be missing something.
SOI - 98 odd mil....T20 hold 34 odd mil of them, old faithful holders have another 25 odd mil leaving around 40 mil in float....nothing really.
MC - $17 mil
$1.5 mil in bank, today announced a $6mil deal to sell some tailings.
CR not needed and another drilling program about to commence
100% owned gold plays that are proven and cheap to mine with open pit.
Nearology play (not that it means a great deal) to DEG
Copper assets also
Expected to pull first gold from ground by end of year. Expected $25-$30mil worth will be mined in first 12-18 mths

.....to me it seems grossly undervalued, especially with the POG rising.

‘What am I missing oh wise ones.......why isn’t the MC here significantly more?

This one is a mystery to me

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@Immetoday I think the only problem is impatience everything else seems to be working towards what you want.

CNB 18

Last edited by Patterns: 03/08/20
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