Anyone else concerned last September CNB was at 35c pending news on a range of drilling campaigns (2 x gold and 1 x copper) which it was believed would skyrocket the share price well past $1? I myself was a believer.
All those drill campaigns have now been through at least stage 1 and we effectively haven’t budged. Many are saying these are all fantastic results we’re seeing come through but why do people think the rest of the market has taken next to no notice of any of it? I know there are plenty here with ‘a long term investment plan’ but surely there are other people in asx land that recognise the value people are saying CNB represents and the price should be going up......’for the long term hold types’.....being such a great investment and all that.
Could it be that the results, to the broader investing community, aren’t seen as all that good? Surely after a first pass of drilling on 3 seperate tenements someone somewhere would have recognised the value that the old holders saw/still see?
Just seems strange that such ‘outstanding’ results have not really done a great deal.
It was just this morning someone (maybe klotho) posted hammer went up $50m market cap in a day on results the same as we got on the copper this morning.....and that’s not even taking into account the ‘very encouraging’ gold results at two other sites, one being a ‘Hemi style deposit’.......seems strange we struggled to hold a $40m market cap today let alone add $50m!
What are peoples thoughts?
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Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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0.575 | 9571 | 1 |
0.580 | 37936 | 2 |
0.585 | 35000 | 1 |
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