CNB 5.19% 36.5¢ carnaby resources limited

Ann: MAJOR COPPER GOLD DISCOVERY 41m @ 4.1% Cu Inc 9m @ 10.3% Cu, page-635

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  1. 1,621 Posts.
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    Equinox is an amazing story. And the sad thing is, in hindsight it's aquisition for 7billion was incredibly overvalued and one of the worst aquisitions made. a good story about fast SP rises, and the reality of the value of underlying resources.i suggest a pinch of caution regarding CNB at the moment.

    I own other shares with resources (inferred and indicated) around 1M Tonne Cu , 1Moz gold and 1Moz silver, with current market caps around 200mill aud. CNB's current MC sitting just under 200Million after just a few drill results makes me uneasy.there are plenty of positives about CNB into the future, but I just don't know how far this can run before the MC outruns the underlying Inferred Resource value. (This is a spec stock so that's the game but..)
 
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Last
36.5¢
Change
-0.020(5.19%)
Mkt cap ! $62.75M
Open High Low Value Volume
37.0¢ 37.0¢ 36.5¢ $56.54K 153.5K

Buyers (Bids)

No. Vol. Price($)
2 16756 36.5¢
 

Sellers (Offers)

Price($) Vol. No.
38.0¢ 24697 3
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Last trade - 15.42pm 15/11/2024 (20 minute delay) ?
CNB (ASX) Chart
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