CLN colonial resources limited
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  1. nizar
    264 Posts.
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    25/01/10
    16:17
    Post #: 6244793
    What says the sp will drop as low as 10-12c?

    The new resource on a peer-comparison basis is worth $40million.

    40/200million shares fully diluted including new shares and oppies = ~20c.

    If the resource is expanded who knows?

    Also remember the entitlement is underwritten.

    Heaps of upside in this stock.
    CLN Price at posting: 9.0¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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