CNB 9.78% 41.5¢ carnaby resources limited

Nil Desperandum, page-25

  1. 508 Posts.
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    [Lets see how well this ages...] I think we'll find support around cap raising price. Those who participated (and haven't yet sold) will have little incentive to sell (disposition effect, investors don't sell losers very easily... they hold on them or average down). With imminent news of the holes which should confirm the "major discovery" we appear to have on our hands the risk to reward looks pretty juicy, especially after such a big pullback from the peak. Really going against the grain to pull this prediction out of my a**... Russia decides to invade Kiev and I'm writing to HotCopper to beg them to pull this post down because it would have aged REALLY BADLY...
 
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