CNB 4.82% 39.5¢ carnaby resources limited

Ann: Further Broad Zones of Copper Sulphides at Greater Duchess, page-63

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 274 Posts.
    lightbulb Created with Sketch. 40
    Maybe this is repetetive, but just my 2 cents worth.

    At $40m give or take this is still cheap when we know we have the money to deliver a JORC 2012 copper resource based off our JORC 2004 resource. So I see it as a really low risk purchase (while the SP will fluctuate), with the chance of a 3-10x return if we do manage to define something large with the Copper exploration, or hit something at Strelley.

    Generally I regard short term share movements as too difficult to predict accurately (I know there are plenty of people who do this succesfully, but hey I have minimal TA but an engineering background that means I trust my FA). So I'm not super worried about +/- 20% as that's just what it's like down this end of the market.

    I don't mind the negativity because I think I got too excited/greedy and didn't sell any in the 50s as I had originally planned to. However most of mine were bought at 10.5c so life is still ok. However, I don't really know how anyone has the time to post so repetitvely on here!

    Good luck all.
 
watchlist Created with Sketch. Add CNB (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.